- USD/SGD is currently trading around 1.3493 marks.
- It made intraday high at 1.3501 and low at 1.3478 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3570 levels.
- A daily close below 1.35 will drag the parity down towards key supports at 1.3462/1.3410/1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
- Alternatively, a sustained close above 1.3571 will tests key resistances at 1.3646, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
- Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend.
We prefer to take short position in USD/SGD around 1.3500, stop loss 1.3570 and target 1.3410 marks.


FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve
FxWirePro: AUD/USD eases as investors switch focus to RBA
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro- Woodies pivot (Major) 



