USD/SGD intraday: as long as 1.2808 is support look for 1.2911

Our pivot point stands at 1.2808.

Our preference: as long as 1.2808 is support look for 1.2911.

Alternative scenario: below 1.2808, expect 1.2770 and 1.2747.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2833 and 1.2812).

Supports and resistances:

1.2957 **

1.2934 *

1.2911 **

1.2888

1.2839 last

1.2823

1.2808 **