- USD/SGD is currently trading around 1.3482 marks.
- It made intraday high at 1.3487 and low at 1.3456 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3451 levels.
- A daily close below 1.3451 will drag the parity down towards key supports at 1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
- Alternatively, reversal from key support will test key resistances at 1.3528, 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 long position in USD/SGD around 1.3475, stop loss 1.3448 and target 1.3528/ 1.3646 marks.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: USD/CAD recovers slightly but trend is still bearish
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: GBP/USD dips on UK GDP data miss 



