- USD/SGD is currently trading around 1.3460 marks.
- It made intraday high at 1.3580 and low at 1.3432 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3432 marks.
- A daily close below 1.3432 will drag the parity down towards key supports at 1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
- Alternatively, a sustained close above 1.3538 will tests key resistances at 1.3646, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
- Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend. Current downside movement is short term trend correction only.
We prefer to take long position in USD/SGD around 1.3450, stop loss 1.3410 and target 1.3502/ 1.3538 marks.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: AUD/USD dips on soft China data
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Major European Indices
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 



