FxWirePro- Woodies Pivot(Major) 
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FxWirePro: GBP/USD biased higher but rally currently stretched 
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FxWirePro: USD/ZAR edges lower ,investors remain on edge 
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 
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FxWirePro: USD/CAD extends decline on broad dollar weakness 
FxWirePro: USD/ZAR recovers slightly but trend is still bearish 
FxWirePro: GBP/USD bulls remain cautiously optimistic 
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- USD/SGD is currently trading around 1.3502 marks.
- It made intraday high at 1.3506 and low at 1.3457 levels.
- Intraday bias remains neutral till the time pair holds initial resistance at 1.3524 levels.
- A daily close below 1.3415 will drag the parity down towards 1.3318 levels.
- Alternatively, reversal from key support will tests key resistances at 1.3525/1.3628/1. 3772/ 1.3817/ 1.3842 marks respectively.
- Important to note here that, 20D, 30D and 55D EMA heads down in daily chart and confirms bearish trend. A current rebound is short term correction only.
- Today Singapore released URA property index at -0.7% q/q vs -0.5% q/q previous release.
We prefer to take long position in USD/SGD around 1.3505, stop loss 1.3481 and target 1.3628 levels.
