USD/SGD intraday : rebound towards 1.2948

Our pivot point is at 1.2871.

Our preference: rebound towards 1.2948

Alternative scenario: below 1.2871, expect 1.2844 and 1.2828.

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 1.2895 and 1.2911).

Supports and resistances:

1.2981 **

1.2964 *

1.2948 **

1.2932

1.2893 last

1.2882

1.2871 **