FxWirePro: USD/SGD hits fresh 3-month high at 1.3695 mark, bias turns bullish again
USD/SGD is currently trading around 1.3683 marks. It made intraday high at 1.3695 and low at 1.3666 levels. Intraday bias remains bullish till the time pair holds key support at 1.3600 mark. A daily close above 1.3675 wi…
It made intraday high at 1.3695 and low at 1.3666 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3600 mark.
A daily close above 1.3675 will test key resistances at 1.3698, 1.3768, 1.3822, 1.3949, 1.4046, 1.4095, 1.4128, 1.4219 and 1.4310 levels respectively.
Alternatively, a consistent close below 1.3675 will drag the parity down towards key supports at 1.3589/1.3562/1.3510/1.3492/1.3460/1.3418/1.3346/1.3217/1.3164/1.3005 levels respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Singapore Q3 total employment -700.
Singapore Q3 preliminary unemployment rate 2.1 pct vs 2.2 in Q2.
We prefer to take long position in USD/SGD around 1.3678, stop loss 1.3620 and target of 1.3768.
