- USD/SGD is currently trading around 1.3505 marks.
- It made intraday high at 1.3520 and low at 1.3478 levels.
- Intraday bias remains bearish till the time pair holds initial resistance at 1.3558 levels.
- A sustained close above 1.3558 tests key resistances at 1.3628/1.3772/ 1.3817/ 1.3842 marks respectively.
- A daily close below 1.3489 will drag the parity down towards 1.3423/1.3352/1.3318/1.3302 levels.
We prefer to take short position in USD/SGD around 1.3510, stop loss 1.3558 and target 1.3414/1.3361 levels.
