FxWirePro: Singapore dollar trades almost flat in early Asia despite robust non – oil exports data

• USD/SGD is currently trading around 1.3530 marks.
   
• It made intraday high at 1.3534 and low at 1.3525 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1.3522 mark.
   
• A daily close above 1.3557 will test key resistances at 1.3570, 1.3615, 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
   
• Alternatively, a consistent close below 1.3522 will drag the parity down towards key supports at 1.3490, 1.3470, 1.3422, 1.3378 and 1.3315 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Singapore Feb 2019 Non - Oil exports mm increase to 16 % (forecast 2.4 %) vs previous -5.7 %.
   
• Singapore Feb 2019 Non - Oil exports yy increase to 4.9 % (forecast -3.4 %) vs previous -10.1 %.

We prefer to take short position on USD/SGD only below 1.3522, stop loss at 1.3550 and target of 1.3490/1.3470.