FxWirePro: USD/SGD stabilizes above 1.44 mark, bias remains neutral

• USD/SGD is currently trading around 1.4426 marks.
   
• It made intraday high at 1.4443 and low at 1.4413 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1.4357 mark.
   
• A sustained close above 1.4427 will test key resistances at 1.4481, 1.4533 and 1.4648 levels respectively.
   
• Alternatively, a consistent close below 1.4357 will drag the parity down towards key supports at 1.4219/1.4150/1.4046/1.3972/1.3819/1.3775/1.3704/1.3646 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Singapore’s November non-oil domestic exports +11.5 pct y/y (poll -3.0 pct).
   
• Singapore’s November domestic exports of electronics +3.5 pct y/y.
   
• Singapore’s November NODX to United States +3.0 pct.
   
• Singapore’s November NODX to China +15.8 pct y/y.
   
• Singapore’s November NODX to Europe +48.3 pct y/y.

We prefer to go long on USD/SGD only above 1.4443, stop loss at 1.4357 and target of 1.4481/1.4533.