- USD/SGD is currently trading around 1.3331 marks.
- It made intraday high at 1.3348 and low at 1.3329 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3370 mark.
- A daily close above 1.3346 will test key resistances at 1.3370, 1.3438, 1.3490, 1.3532 and 1.3587 levels respectively.
- Alternatively, a consistent close below 1.3346 will drag the parity down towards key support at 1.3311/1.3255/1.3218 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position on USD/SGD around 1.3335, stop loss 1.3390 and target of 1.3311/1.3255.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invests


FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: GBP/USD advances on steady UK GDP growth
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 



