• FxWirePro: Singapore Dollar trade marginally lower ahead of CPI, core CPI data

    Source: FxWire Pro - Technicals / 24 Jun 2018 22:59:29   America/New_York

    • USD/SGD is currently trading around 1.3615 marks.
    • It made intraday high at 1.3615 and low at 1.3578 levels.
    • Intraday bias remains slightly bullish for the moment.
    • A daily close above 1.3583 will test key resistances at 1.3642, 1.3678 and 1.3732 levels respectively.
    • Alternatively, a consistent close below 1.3583 will drag the parity down towards key support at 1.3502/1.3430/1.3390/1.3307 levels respectively.
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
    • Singapore will release CPI as well as core CPI data at 0500 GMT.

    We prefer to take long position on USD/SGD around 1.3615, stop loss 1.3570 and target of 1.3678.

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