FxWirePro: Singapore dollar trades marginally lower ahead of retail sales data, bias remains neutral

• USD/SGD is currently trading around 1.3382 marks.
   
• It made intraday high at 1.3386 and low at 1.3364 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1.3363 mark.
   
• A daily close above 1.3372 will test key resistances at 1.3438, 1.3482, 1.3532 and 1.3587 levels respectively.
   
• Alternatively, a consistent close below 1.3372 will drag the parity down towards key support at 1.3311/1.3255/1.3218/1.3150/1.3076/1.3005 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 retail sales data at 0500 GMT.
  
  We prefer to take long position on USD/SGD only above 1.3402, stop loss 1.3350 and target of 1.3482.
   

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invests