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FxWirePro: USD/SGD breaks key resistance at 1.3538 mark, stay bullish

  • USD/SGD is currently trading around 1.3544 marks.
     
  • It made intraday high at 1.3553 and low at 1.3525 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.3496 mark.
     
  • A daily close above 1.3525 will test key resistances at 1.3570, 1.3590, 1.3615, 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
     
  • Alternatively, a consistent close below 1.3525 will drag the parity down towards key supports at 1.3490, 1.3465, 1.3422 and 1.3315 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take long position on USD/SGD around 1.3530, stop loss at 1.3490 and target of 1.3570/1.3590.

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May 24 05:00 UTC Released

SGManufacturing Output YY

Actual

0.1 5.3

Forecast

-3.5 5.3

Previous

-4.8 5.3

May 24 05:00 UTC Released

SGManufacturing Output MM

Actual

2.4 -2.3

Forecast

-1.3 -2.3

Previous

-2.6 -2.3

January 31 00:00 UTC 688658688658m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 688658688658m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 700478700478m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 688658688658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 700478700478m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 688658688658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 688658688658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 688658688658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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