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FxWirePro-Silver Daily Outlook 
- USD/SGD is currently trading around 1.3492 marks.
- It made intraday high at 1.3511 and low at 1.3477 levels.
- Intraday bias remains neutral till the time pair holds initial resistance at 1.3552 levels.
- On the other side, a daily close below 1.3415 will drag the parity down towards 1.3318 levels.
- Alternatively, a sustained break above 1.3552 tests key resistances at 1.3628/1. 3772/ 1.3817/ 1.3842 marks respectively.
- Important to note here that, 20D, 30D and 55D EMA heads down in daily chart and confirms bearish trend. A current rebound is short term correction only.
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.
