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FxWirePro: USD/SGD fails to break key support at 1.3623, good to buy on dips

Thursday, May 12, 2016 8:17 AM UTC

USD/SGD is currently trading around 1.3690 marks.
It made intraday high at 1.3695 and low at 1.3656 levels.
Intraday bias remains bullish for the moment.
A sustained close above 1.3723 tests key resistances at 1.3772/ 1.3817/ 1.3842 marks respectively.
A daily close below 1.3644 will drag the parity down towards key supports 1.3628/1.3548/1.3420/1.3352/1.3318/1.3302 levels.

We prefer to take long position in USD/SGD around 1.3670, stop loss 1.3644 and target 1.3723/1.3805 marks.

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FxWirePro: USD/SGD fails to break key support at 1.3623, good to buy on dips

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