FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3489, Intraday Bias Remains Neutral

FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3489, Intraday Bias Remains Neutral

22 April 2016, 07:34
Roberto Jacobs
0
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FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3489, Intraday Bias Remains Neutral

  • USD/SGD is currently trading around 1.3485 marks. 
  • It made intraday high at 1.3501 and low at 1.3469 levels. 
  • Intraday bias remains neutral till the time pair holds initial resistance at 1.3489 levels. 
  • A sustained close above 1.3488 tests key resistances at 1.3552/1.3628/1.3772/ 1.3817/ 1.3842 marks respectively. 
  • A daily close below 1.3423 will drag the parity down towards 1.3352/1.3318/1.3302 levels.

We prefer to take short position in USD/SGD only below 1.3468, stop loss 1.3523 and target 1.3423/1.3352 levels.

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