USD/SGD: Possible visit to the 200 Day EMA

On various occasions we have seen how the 200 day exponential moving average has acted as a very good support or resistance zone. On the US Dollar versus the Singaporean Dollar we can see how the pair has been in a very organized and sustainable retracement to the downside and it is currently getting very close to its 200 Day EMA. Attentive to a possible visit to that zone, because the price may try to bounce to the upside from there, especially when we see that a little bit below it there is an important support level at the 1.3242.