- USD/SGD is currently trading around 1.3490 marks.
- It made intraday high at 1.3504 and low at 1.3461 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3545 levels.
- A daily close below 1.3465 will drag the parity down towards key supports at 1.3422(April 11, 2016 low), 1.3357 (April 20, 2016 low) /1.3318/1.3302 levels.
- Alternatively, a sustained close above 1.3545 is required to test key resistances at 1.3622, 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.
We prefer to take long position in USD/SGD at 1.3470, stop loss 1.3450 and target 1.3545 marks.


FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/USD bulls remain cautiously optimistic
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: EUR/AUD under pressure as key support gives way
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 



