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FxWirePro: USD/SGD touches 1.3869 mark in early Asia, bias remains slightly bearish

Tuesday, August 6, 2019 3:41 AM UTC

USD/SGD is currently trading around 1.3821 marks.
It made intraday high at 1.3869 and low at 1.3813 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 1.3847 will test key resistances at 1.3888, 1.3945 and 1.4012 marks respectively.
Alternatively, a consistent close below 1.3847 will drag the parity down towards key supports at 1.3754, 1.3670, 1.3640, 1.3590, 1.3550, 1.3512 and 1.3454 levels respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take short position on USD/SGD around 1.3830, stop loss at 1.3870 and target of 1.3754.

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FxWirePro: USD/SGD touches 1.3869 mark in early Asia, bias remains slightly bearish

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