USD/SGD intraday: the upside prevails as long as 1.3524 is support

Our pivot point stands at 1.3524.

Our preference: the upside prevails as long as 1.3524 is support.

Alternative scenario: below 1.3524, expect 1.3496 and 1.3479.

Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 1.3525 and 1.3508).

Supports and resistances:

1.3638 **

1.3621 *

1.3604 **

1.3588

1.3553 last

1.3535

1.3524 **