- USD/SGD is currently trading around 1.3472 marks.
- It made intraday high at 1.3488 and low at 1.3447 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1.3496 marks.
- A daily close below 1.3420 will drag the parity down towards key supports at 1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
- Alternatively, a sustained close above 1.3480 will tests key resistances at 1.3538, 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. Current upside movement is short term trend correction only.
- Singapore’s June non-oil domestic exports -2.3 pct y/y (Reuter’s poll -3.0 pct).
- Singapore’s June non-oil domestic exports -12.9 pct m/m seasonally adjusted (Reuter’s poll -10.3 pct).
- Singapore’s June domestic exports of electronics -1.7 pct y/y.
We prefer to take short position in USD/SGD around 1.3480, stop loss 1.3496 and target 1.3420/ 1.3369 marks.


NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major Crypto levels and bias summary
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/USD biased higher but rally currently stretched
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary 



