FxWirePro: USD/SGD almost flat in early Asia, upside limited
USD/SGD is currently trading around 1.3718 marks. It made intraday high at 1.3740 and low at 1.3715 levels. Intraday bias remains neutral till the time pair holds key support at 1.3723. A sustained close above 1.3732 tes…
It made intraday high at 1.3740 and low at 1.3715 levels.
Intraday bias remains neutral till the time pair holds key support at 1.3723.
A sustained close above 1.3732 tests key resistances at 1.3772 (July 31, 2015 high)/ 1.3817/ 1.3842 (March 08, 2016 high) marks respectively.
A daily close below 1.3698 will drag the parity down towards key supports 1.3628 (55D EMA) /1.3548/1.3420 (April 13, 2016 low) /1.3357 (April 20, 2016 low) /1.3318/1.3302 levels.
We prefer to take short position in USD/SGD only below 1.3698, stop loss 1.3772 and target 1.3628/ 1.3420 marks.
