- USD/SGD is currently trading around 1.3472 marks.
- It made intraday high at 1.3488 and low at 1.3447 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1.3496 marks.
- A daily close below 1.3420 will drag the parity down towards key supports at 1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
- Alternatively, a sustained close above 1.3480 will tests key resistances at 1.3538, 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.
- Singapore’s June non-oil domestic exports -2.3 pct y/y (Reuter’s poll -3.0 pct).
- Singapore’s June non-oil domestic exports -12.9 pct m/m seasonally adjusted (Reuter’s poll -10.3 pct).
- Singapore’s June domestic exports of electronics -1.7 pct y/y.
We prefer to take short position in USD/SGD around 1.3480, stop loss 1.3496 and target 1.3420/ 1.3369 marks.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro- Woodies Pivot(Major)
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro- Major Pair levels and bias summary
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: GBP/USD recovers but bears are not done yet again 



