FxWirePro: Singapore dollar trades marginally lower after non – oil exports data

• 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.