- USD/SGD is currently trading around 1.3861 marks.
- It made intraday high at 1.3861 and low at 1.3846 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3790 mark.
- A daily close above 1.3849 will test key resistances at 1.3872, 1.3905 and 1.3948 levels respectively.
- Alternatively, a consistent close below 1.3849 will drag the parity down towards key supports at 1.3790/1.3772/1.3730/1.3690/1.3654/1.3620/1.3570/1.3510/1.3450 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Singapore Sep 2018 bank lending decrease to 669.5 SGD vs previous 669.9 SGD.
- Singapore will release business expectations data at 0500 GMT.
We prefer to take long position on USD/SGD around 1.3852, stop loss at 1.3790 and target of 1.3905.
