- USD/SGD is currently trading around 1.3546 marks.
- It made intraday high at 1.3556 and low at 1.3495 levels.
- Intraday bias remains neutral till the time pair holds key support at 1.3528 levels.
- A daily close below 1.35 will drag the parity down towards key supports at 1.3410, 1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
- Alternatively, a sustained close above 1.3528 will tests key resistances at 1.3646, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
- Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend. Current upside movement is short term trend correction only.
We prefer to take short position in USD/SGD around 1.3560, stop loss 1.3616 and target 1.3410 marks.


FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but trend is still bearish
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 



