- USD/SGD is currently trading around 1.3465 marks.
- It made intraday high at 1.3474 and low at 1.3448 levels.
- Intraday bias remains bullish till the time pair holds key resistance at 1.3422 marks.
- A daily close below 1.3400 will drag the parity down towards key supports at 1.3367/1.3313/1.3302/ 1.3271 levels.
- Alternatively, a sustained close above 1.3450 will test key resistances at 1.3492, 1.3537, 1.3638, 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 in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
- Singapore will release retail sales data at 0500 GMT.
We prefer to take short position in USD/SGD around 1.3475, stop loss at 1.3535 and target 1.3367/1.3313.


FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 



