- USD/SGD is currently trading around 1.3215 marks.
- It made intraday high at 1.3235 and low at 1.3207 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1.3250 marks.
- A daily close above 1.3227 will test key resistances at 1.3290, 1.3340, 1.3438 and 1.3532 levels respectively.
- Alternatively, a consistent close below 1.3227 will drag the parity down towards key support at 1.3168/1.3080/1.3005/1.2855/1.2754 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Singapore Q4 GDP final y/y decrease to 3.6 % (forecast 2.9 %) vs previous 11.2 % (revised from 3.1 %).
- Singapore Q4 GDP final q/q decrease to 2.1 % (forecast 2 %) vs previous 5.5 % (revised from 2.8 %).
We prefer to take short position on USD/SGD around 1.3218, stop loss at 1.3250 and target of 1.3080.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major European Indices
FxWirePro: USD/CAD shows upside momentum, but bearish outlook remains
FxWirePro: AUD/USD stalls as uncertainty around the U.S.-Iran outlook peace talks weighed on risk sentiment
Solana at a Crossroads: Triple Bottom Support Offers Lifeline for SOL Bulls
FxWirePro: USD/ZAR recovers some ground but upside is limited
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
Euro Under Pressure: EURUSD Retreats Amid Escalating Middle East Tensions
FxWirePro: USD/CNY edges lower, set to stay on back foot
Sterling Surge: GBPJPY Rebounds from Fibonacci Support as Yen Weakness Persists
FxWirePro: NZD/USD firms as Q1 NZ CPI runs hotter than expected
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD slips amid prolonged geopolitical uncertainty
Institutional Whale Surge: ETHUSD Trends Higher as Bitmine Amasses 4.97 Million Ether
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak
FxWirePro: GBP/AUD drifts lower could be on verge of bigger drop 



