FxWirePro: Singapore Dollar Hits Fresh Monthly Low Against US Dollar, Intraday Bias Remains Neutral

FxWirePro: Singapore Dollar Hits Fresh Monthly Low Against US Dollar, Intraday Bias Remains Neutral

10 May 2016, 06:23
Roberto Jacobs
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FxWirePro: Singapore Dollar Hits Fresh Monthly Low Against US Dollar, Intraday Bias Remains Neutral

  • USD/SGD is currently trading around 1.3714 marks. 
  • It made intraday high at 1.3729 and low at 1.3703 levels. 
  • Intraday bias remains neutral for the moment. 
  • A sustained close above 1.3723 tests key resistances at 1.3772/ 1.3817/ 1.3842 marks respectively. 
  • A daily close below 1.37 will drag the parity down towards 1.3628/1.3548/1.3420/1.3352/1.3318/1.3302 levels.

We prefer to take short position in USD/SGD only below 1.37, stop loss 1.3729 and target 1.3628/1.3548 marks.

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