- 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 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.
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