- USD/SGD is currently trading around 1.3524 marks.
- It made intraday high at 1.3535 and low at 1.3516 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1.3550 mark.
- A daily close above 1.3524 will test key resistances at 1.3548, 1.3581, 1.3602, 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
- Alternatively, a consistent close below 1.3524 will drag the parity down towards key supports at 1.3499, 1.3465, 1.3422 and 1.3315 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/SGD around 1.3530, stop loss at 1.3548 and target of 1.3422.


FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Major Pair levels and bias summary
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro- Major Pair levels and bias summary 



