FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3628, Intraday Bias Remains Neutral

FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3628, Intraday Bias Remains Neutral

9 May 2016, 06:30
Roberto Jacobs
0
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FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3628, Intraday Bias Remains Neutral

  • USD/SGD is currently trading around 1.3624 marks. 
  • It made intraday high at 1.3642 and low at 1.3598 levels. 
  • Intraday bias remains neutral for the moment. 
  • A sustained close above 1.3628 tests key resistances at 1.3772/ 1.3817/ 1.3842 marks respectively. 
  • A daily close below 1.3536 will drag the parity down towards 1.3420/1.3352/1.3318/1.3302 levels.

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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