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AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish 
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FxWirePro- Major Pair levels and bias summary 
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- USD/SGD is currently trading around 1.3283 marks.
- It made intraday high at 1.3287 and low at 1.3271 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1.3290 mark.
- A daily close above 1.3289 will test key resistances at 1.3340, 1.3438 and 1.3532 levels respectively.
- Alternatively, a consistent close below 1.3220 will drag the parity down towards key support at 1.3150/1.3076/1.3005/1.2855/1.2754 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Singapore Q1 final URA property index increase to 3.9 % vs previous 3.1 %.
We prefer to take long position on USD/SGD only above 1.3290, stop loss 1.3220 and target of 1.3340/1.3378.
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