• USD/SGD is currently trading around 1.3462 marks.
   
• It made intraday high at 1.3465 and low at 1.3446 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1.3445 mark.
   
• A daily close above 1.3457 will test key resistances at 1.3490, 1.3537, 1.3590, 1.3637, 1.3670, 1.3706, 1.3770 and 1.3790 marks respectively.
   
• Alternatively, a consistent close below 1.3457 will drag the parity down towards key supports at 1.3445, 1.3387 and 1.3350 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Singapore GDP q/q stands at 0.1 pct vs 2.4 pct previous release (expected 0.4).
   
• Singapore GDP y/y stands at 0.8 pct vs 0.7 pct previous release (expected 0.8).
• Singapore URA property index q/q stands at 0.3 pct vs 0.3 pct previous release.
  
  We prefer to take short position on USD/SGD only below 1.3445, stop loss at 1.3492 and target of 1.3387.