- USD/SGD is currently trading around 1.3600 marks.
- It made intraday high at 1.3617 and low at 1.3591 levels.
- Intraday bias remains neutral for the moment.
- A break below 1.3481 will tests the next support at 1.3440/ 1.3404 marks.
- Initial resistance is seen at 1.3628 and a sustained break above is required to drag the parity up towards 1.37 marks.
- Alternatively, reversal from key resistance will bring the parity down towards 1.3400 marks.
- On the other side, a sustained break above 1.3817 is required to confirm bullish bias.
- On the top side key resistances are seen at 1.3842/1.3895/1.3964 marks thereafter.
- Overall trend remains bearish as 20D, 30D and 55D EMA heads down and confirms bearish trend.
- Later today, Singapore will release CPI data at 0500 GMT. This will provide further direction to the parity.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro: NZD/USD drifts lower as markets await US inflation data
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro- Woodies pivot (Major)
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data 



