USD/SGD intraday : rebound towards 1.2798

Our pivot point is at 1.2743.

Our preference: rebound towards 1.2798

Alternative scenario: below 1.2743, expect 1.2723 and 1.2711.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2762 and 1.2779).

Supports and resistances:

1.2822 **

1.2810 *

1.2798 **

1.2786

1.2760 last

1.2751

1.2743 **