USD/SGD is currently trading around 1.4174 marks. It made intraday high at 1.4183 and low at 1.4162 levels. Intraday bias remains neutral till the time pair holds key support at 1.4162 marks. A daily close above 1.4166 w…
It made intraday high at 1.4183 and low at 1.4162 levels.
Intraday bias remains neutral till the time pair holds key support at 1.4162 marks.
A daily close above 1.4166 will test key resistances at 1.4250, 1.4409, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.
Alternatively, a consistent close below 1.4166 will drag the parity down towards key supports at 1.4136/1.4083/1.3972/1.3819/1.3775/1.3704/1.3646 levels respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
Singapore’s Q4 final GDP +12.3 pct q/q annualised seasonally adjusted rate (poll +12.6 pct).
Singapore’s Q4 final GDP +2.9 pct y/y (poll +2.5 pct).
Singapore’s revises up 2016 full-year growth to 2.0 pct from 1.8 pct in advance estimate.
We prefer to take short position in USD/SGD only below 1.4162, stop loss at 1.4205 and target of 1.4083.
