CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 
FxWirePro: USD/JPY bears maintain upper hand 
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed 
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside 
FxWirePro: USD/CNY hits 15-month low , scope for further downside 
FxWirePro: EUR/CAD extends fall, vulnerable to more downside 
FxWirePro: GBP/AUD outlook weaker on renewed downside pressure 
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD dips below lower range, bearish bias increases 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: EUR/NZD positions for another drop, eyes 2.0100 level 
AUD/JPY Buoyed by Holiday Calm: Buy the Dips Above 103.80 for a Run Toward 106 
FxWirePro: USD/CAD dips below lower range, bearish bias increases 
- USD/SGD is currently trading around 1.3506 marks.
- It made intraday high at 1.3517 and low at 1.3499 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3450 mark.
- A daily close above 1.3504 will test key resistances at 1.3532, 1.3622, 1.3788, 1.3822, 1.3949, 1.4046, 1.4095, 1.4128, 1.4219 and 1.4310 levels respectively.
- Alternatively, a consistent close below 1.3504 will drag the parity down towards key supports at 1.3439/1.3346/1.3217/1.3164/1.3005 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.
- Singapore Q2 final unemployment rate 2.2 pct vs advance estimate of 2.2 pct.
- Singapore Q2 total employment -7,300.
We prefer to take long position in USD/SGD around 1.3500, stop loss 1.3450 and target of 1.3532/1.3585/1.3622.
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