• FxWirePro: Singapore Dollar trades flat in early Asia, bias remains neutral

    Source: FxWire Pro - Technicals / 17 Jul 2018 22:19:22   America/New_York

    • USD/SGD is currently trading around 1.3648 marks.
       
    • It made intraday high at 1.3658 and low at 1.3644 levels.
       
    • Intraday bias remains neutral till the time pair moves in stiff boundaries from 1.3582 to 1.3692 levels.
       
    • A daily close above 1.3692 will test key resistances at 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
       
    • Alternatively, a consistent close below 1.3582 will drag the parity down towards key support at 1.3530/1.3496/1.3430/1.3390 levels respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

    Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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