FxWirePro: Singapore dollar trades marginally lower after URA property index data

• USD/SGD is currently trading around 1.4243 marks.
   
• It made intraday high at 1.4251 and low at 1.4208 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1.4210 mark.
   
• A daily close above 1.4219 will test key resistances at 1.4280, 1.4310, 1.4383, 1.4542, 1.4606, 1.47, 1.4762, 1.4818 and 1.4850 marks respectively.
   
• Alternatively, a consistent close below 1.4219 will drag the parity down towards key supports at 1.4208, 1.4174, 1.4102, 1.4044, 1.3938 and 1.3870 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Singapore’s URA property index remains unchanged at -1.2 pct.

We prefer to take short position on USD/SGD only below 1.4208, stop loss at 1.4280 and target of 1.4102.