Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Singapore dollar falls in early Asia ahead of CPI, core CPI data

  • USD/SGD is currently trading around 1.3703 marks.
     
  • It made intraday high at 1.3708 and low at 1.3661 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.3650 mark.
     
  • A daily close above 1.3664 will test key resistances at 1.3728, 1.3775, 1.3818, 1.3854 and 1.3905 levels respectively.
     
  • Alternatively, a consistent close below 1.3664 will drag the parity down towards key supports at 1.3620/1.3570/1.3510 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Sngapore will release CPI as well as core CPI data at 0500 GMT.

We prefer to take long position on USD/SGD around 1.3690, stop loss at 1.3650 and target of 1.3775.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.