• FxWirePro: USD/SGD hovers around 1.31 mark, bias remains neutral

    Source: FxWire Pro - Technicals / 18 Feb 2018 21:41:33   Eastern Standard Time

    • USD/SGD is currently trading around 1.3107 marks.
    • It made intraday high at 1.3121 and low at 1.3103 levels.
    • Intraday bias remains neutral till the time pair holds key resistance at 1.3132 marks.
    • A daily close above 1.3132 will test key resistances at 1.3255, 1.3290, 1.3340, 1.3438 and 1.3532 levels respectively.
    • Alternatively, a consistent close below 1.3090 will drag the parity down towards key support at 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.

    We prefer to take short position on USD/SGD only below 1.3090, stop loss at 1.3154 and target of 1.3005.

    FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest