7640771 7/12/2017 5:05 PM, AUD/SGD intraday: as long as 1.0550 is support look for 1.0610


Our pivot point stands at 1.0550.


Our preference

: as long as 1.0550 is support look for 1.0610.


Alternative scenario

: the downside breakout of 1.0550 would call for 1.0530 and 1.0520.


Comment

: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0566 and 1.0553).


Supports and resistances

:

1.0640 **

1.0620 *

1.0610 **

1.0600

1.0571 last

1.0560

1.0550 **

1.0530 *

1.0520 **