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- USD/SGD is currently trading around 1.3623 marks.
- It made intraday high at 1.3649 and low at 1.3617 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1.3652 mark.
- A daily close above 1.3637 will test key resistances at 1.3652, 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
- Alternatively, a consistent close below 1.3637 will drag the parity down towards key support at 1.3570/1.3530/1.3496/1.3430/1.3390 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Singapore Q2 2018 preliminary unemployment increase to 2.1.
- Singapore Q2 2018 final URA property index increase to 3.4.
We prefer to take long position on USD/SGD only above 1.3652, stop loss 1.3570 and target of 1.3745.
