- USD/SGD is currently trading around 1.3671 marks.
- It made intraday high at 1.3693 and low at 1.3669 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1.3692 mark.
- A daily close above 1.3692 will test key resistances at 1.3728, 1.3775, 1.3818, 1.3854 and 1.3905 levels respectively.
- Alternatively, a consistent close below 1.3692 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. Current downside movement is short term trend correction only.
We prefer to take short position on USD/SGD around 1.3678, stop loss at 1.3700 and target of 1.3620.


FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



