- USD/SGD is currently trading around 1.3628 marks.
- It made intraday high at 1.3644 and low at 1.3624 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 1.3632 will test key resistances at 1.3692, 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
- Alternatively, a consistent close below 1.3632 will drag the parity down towards key support at 1.3570/1.3530/1.3496/1.3430/1.3390 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Singapore Q2 2018 GDP flash qq decrease to 1 (forecast 1.2, previous 1.5).
- Singapore Q2 2018 GDP advance yy decrease to 3.8 (forecast 4, previous 4.3).
We prefer to take long position on USD/SGD only above 1.3652, stop loss at 1.3590 and target of 1.3692/1.3745.
