FxWirePro: Singapore dollar remains unchanged despite lower than expected non-oil exports data

• USD/SGD is currently trading around 1.3615 marks.
   
• It made intraday high at 1.3634 and low at 1.3611 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1.3608 mark.
   
• A daily close above 1.3619 will test key resistances at 1.3690, 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
   
• Alternatively, a consistent close below 1.3619 will drag the parity down towards key support at 1.3608/1.3570/1.3530/1.3496/1.3430/1.3390 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Singapore June non-oil exports mm decrease to -10.8 % (forecast -8 %) vs previous 10.3 %.
   
• Singapore June non-oil exports yy decrease to 1.1 % (forecast 7.6 %) vs previous 15.5 %.

We prefer to take long position on USD/SGD around 1.3600, stop loss at 1.3568 and target of 1.3690.