• FxWirePro: USD/SGD fails to find support below 1.3100 Mark, bias remains slightly bullish

    Source: FxWire Pro - Technicals / 19 Mar 2018 00:37:08   Eastern Standard Time

    • USD/SGD is currently trading around 1.3182 marks.
       
    • It made intraday high at 1.3188 and low at 1.3176 levels.
       
    • Intraday bias remains slightly bullish till the time pair holds key support at 1.3170 marks.
       
    • A daily close above 1.3178 will test key resistances at 1.3232, 1.3285, 1.3340, 1.3438 and 1.3532 levels respectively.
       
    • Alternatively, a consistent close below 1.3178 will drag the parity down towards key support at 1.3086/1.3005/1.2855/1.2754 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 only above 1.3202, stop loss at 1.3150 and target of 1.3285.

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