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- USD/SGD is currently trading around 1.3709 marks.
- It made intraday high at 1.3710 and low at 1.3657 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 1.3723 tests key resistances at 1.3772/ 1.3817/ 1.3842 marks respectively.
- A daily close below 1.37 will drag the parity down towards 1.3628/1.3548/1.3420/1.3352/1.3318/1.3302 levels.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
