- USD/SGD is currently trading around 1.3857 marks.
- It made intraday high at 1.3874 and low at 1.3854 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3890 mark.
- A daily close above 1.3870 will test key resistances at 1.3914, 1.3949, 1.4046, 1.4095, 1.4128, 1.4219, 1.4266, 1.4327, 1.4409 and 1.4506 levels respectively.
- Alternatively, a consistent close below 1.3870 will drag the parity down towards key supports at 1.3809/1.3750/1.3708/1.3631 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in USD/SGD around 1.3860, stop loss at 1.3892 and target of 1.3809.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 



