USD/SGD intraday: the upside prevails as long as 1.3504 is support

Our pivot point stands at 1.3504.

Our preference: the upside prevails as long as 1.3504 is support.

Alternative scenario: the downside breakout of 1.3504 would call for 1.3472 and 1.3453.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3517 and 1.3505).

Supports and resistances:

1.3631 **

1.3612 *

1.3593 **

1.3573

1.3533 last

1.3517

1.3504 **