- USD/SGD is currently trading around 1.3831 marks.
- It made intraday high at 1.3846 and low at 1.3825 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 1.3842 will test key resistances at 1.3875, 1.3918, 1.3988, 1.4046, 1.4095, 1.4128, 1.4219, 1.4266, 1.4327, 1.4409 and 1.4506 levels respectively.
- Alternatively, a consistent close below 1.3842 will drag the parity down towards key supports at 1.3806/1.3776/1.3704/1.3631 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Singapore Q1 final unemployment rate 2.2 pct vs preliminary 2.3 pct.
- Singapore Q1 total employment -6,800.
- Singapore Q1 redundancies total 4,000.
We prefer to go short on USD/SGD around 1.3835, stop loss 1.3875 and target of 1.3806/1.3776.


FxWirePro: USD/CNY outlook weaker on renewed downside pressure
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro- Woodies Pivot(Major)
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 



