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FxWirePro: USD/SGD remains well supported above 1.3200 mark, bias remains bullish

  • USD/SGD is currently trading around 1.3236 marks.
     
  • It made intraday high at 1.3242 and low at 1.3218 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.3217 mark.
     
  • A daily close above 1.3222 will test key resistances at 1.3262, 1.3340, 1.3438 and 1.3532 levels respectively.
     
  • Alternatively, a consistent close below 1.3222 will drag the parity down towards key support at 1.3202/1.3150/1.3076/1.3005/1.2855/1.2754 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take long position on USD/SGD around 1.3230, stop loss 1.3202 and target of 1.3262/1.3340.

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August 17 14:30 UTC Released

USECRI Weekly Annualized

Actual

0.3 %

Forecast

Previous

0.6 %

August 17 14:30 UTC Released

USECRI Weekly Index

Actual

147.4 %

Forecast

Previous

147.8 %

January 31 00:00 UTC 286852286852m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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January 31 00:00 UTC 286852286852m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 298672298672m

ARTrade Balance

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Forecast

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-1541 %

January 31 00:00 UTC 286852286852m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 298672298672m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 286852286852m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 286852286852m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 286852286852m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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