- USD/SGD is currently trading around 1.3678 marks.
- It made intraday high at 1.3684 and low at 1.3666 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1.3690 marks.
- A daily close above 1.3690 will test key resistances at 1.3720, 1.3780, 1.3820, 1.3854 and 1.3905 levels respectively.
- Alternatively, a consistent close below 1.3675 will drag the parity down towards key supports at 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 Q3 2018 URA property index advance decrease to 0.5 % vs previous 3.4 %.
We prefer to take long position on USD/SGD only above 1.3690, stop loss at 1.3650 and target of 1.3780.
