USD/SGD intraday : rebound towards 1.3000

Our pivot point is at 1.2950.

Our preference: rebound towards 1.3000

Alternative scenario: below 1.2950, expect 1.2932 and 1.2921.

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 above its 20 period moving average (1.2966) but below its 50 period moving average (1.2973).

Supports and resistances:

1.3021 **

1.3010 *

1.3000 **

1.2989

1.2967 last

1.2957

1.2950 **