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- USD/SGD is currently trading around 1.3615 marks.
- It made intraday high at 1.3615 and low at 1.3578 levels.
- Intraday bias remains slightly bullish for the moment.
- A daily close above 1.3583 will test key resistances at 1.3642, 1.3678 and 1.3732 levels respectively.
- Alternatively, a consistent close below 1.3583 will drag the parity down towards key support at 1.3502/1.3430/1.3390/1.3307 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Singapore will release CPI as well as core CPI data at 0500 GMT.
We prefer to take long position on USD/SGD around 1.3615, stop loss 1.3570 and target of 1.3678.
