- USD/SGD is currently trading around 1.3616 marks.
- It made intraday high at 1.3633 and low at 1.3615 levels.
- Intraday bias remains neutral till the time pair holds key support at 1.3598 mark.
- A daily close above 1.3621 will test key resistances at 1.3676, 1.3788, 1.3822, 1.3949, 1.4046, 1.4095, 1.4128, 1.4219 and 1.4310 levels respectively.
- Alternatively, a consistent close below 1.3621 will drag the parity down towards key supports at 1.3598/1.3554/1.3512 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Yesterday Singapore released CPI data.
- Singapore June all items CPI +0.5 pct y/y (poll +0.7 pct).
- Singapore June core CPI +1.5 pct y/y (poll +1.6 pct).
We prefer to take short position in USD/SGD around 1.3620, stop loss 1.3676 and target of 1.3554.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: AUD/USD bulls gain momentum heading into the year end
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: USD/JPY bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside 



