- USD/SGD is currently trading around 1.3628 marks.
- It made intraday high at 1.3638 and low at 1.3620 levels.
- Intraday bias remains neutral till the time pair holds key support at 1.3587 mark.
- A daily close above 1.3630 will test key resistances at 1.3645, 1.3788, 1.3822, 1.3949, 1.4046, 1.4095, 1.4128, 1.4219 and 1.4310 levels respectively.
- Alternatively, a consistent close below 1.3630 will drag the parity down towards key supports at 1.3587/1.3545/1.3512/1.3435/1.3347 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
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.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/CNY hits 15-month low , scope for further downside
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: AUD/USD bulls gain momentum heading into the year end
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/JPY bears maintain upper hand
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead 



