- USD/SGD is currently trading around 1.3132 marks.
- It made intraday high at 1.3154 and low at 1.3130 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3254 marks.
- A daily close above 1.3140 will test key resistances at 1.3254, 1.3290, 1.3340, 1.3438 and 1.3532 levels respectively.
- Alternatively, a consistent close below 1.3140 will drag the parity down towards key support at 1.3080/1.3005/1.2855/1.2754 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Singapore Jan non - oil exports y/y increase to 13 % (forecast 9 %) vs previous 3.1 %
- Singapore Jan non - oil exports m/m increase to -0.3 % vs previous -1.9 % (revised from -5 %).
We prefer to take short position on USD/SGD around 1.3140, stop loss at 1.3220 and target of 1.3080.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Woodies Pivot(Major)
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 



