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FxWirePro: USD/SGD hovers around key resistance at 1.3208 mark, consistent close above requires for upside rally

  • USD/SGD is currently trading around 1.3171 marks.
     
  • It made intraday high at 1.3219 and low at 1.3167 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 1.3197 will test key resistances at 1.3208, 1.3254, 1.3302, 1.3353, 1.3438 and 1.3532 levels respectively.
     
  • Alternatively, a consistent close below 1.3197 will drag the parity down towards key support at 1.3080/1.3005/1.2855/1.2754 levels respectively.
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position in USD/SGD around 1.3200, stop loss 1.3254 and target of 1.3005.

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August 17 14:30 UTC Released

USECRI Weekly Annualized

Actual

0.3 %

Forecast

Previous

0.6 %

August 17 14:30 UTC Released

USECRI Weekly Index

Actual

147.4 %

Forecast

Previous

147.8 %

January 31 00:00 UTC 288352288352m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 288352288352m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 300172300172m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 288352288352m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 300172300172m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 288352288352m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 288352288352m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 288352288352m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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