Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD fails to break key support at 1.3454 mark, upside limited

  • USD/SGD is currently trading around 1.3490 marks.
     
  • It made intraday high at 1.3507 and low at 1.3483 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.3538 mark.
     
  • A daily close above 1.3490 will test key resistances at 1.3538, 1.3570, 1.3615, 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
     
  • Alternatively, a consistent close below 1.3490 will drag the parity down towards key supports at 1.3454, 1.3422, 1.3378 and 1.3315 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position on USD/SGD around 1.3490, stop loss at 1.3538 and target of 1.3454/1.3422.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 775157775157m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 775157775157m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 786977786977m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 775157775157m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 786977786977m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 775157775157m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 775157775157m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 775157775157m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.