- USD/SGD is currently trading around 1.3750 marks.
- It made intraday high at 1.3753 and low at 1.3737 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 1.3690 marks.
- A daily close above 1.3741 will test key resistances at 1.3780, 1.3820, 1.3854 and 1.3905 levels respectively.
- Alternatively, a consistent close below 1.3741 will drag the parity down towards key supports at 1.3690/1.3652/1.3607/1.3570/1.3510/1.3450 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Singapore Aug 2018 non - oil exports yy decrease to 5 % (forecast 5.3 %) vs previous 11 % (revised from 11.8 %).
- Singapore Aug 2018 non - oil exports mm decrease to 0.4 % vs previous 3.6 % (revised from 4.3 %).
We prefer to take long position on USD/SGD only above 1.3753, stop loss at 1.3720 and target of 1.3780.


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