TRADE IDEA USD/SGD ST: the downside prevails as long as 1.253 is resistance
Our pivot point stands at 1.253.
Our preference: the downside prevails as long as 1.253 is resistance.
Alternative scenario: above 1.253, look for 1.265 and 1.272.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.253 and 1.2665).
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