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Bears Need Close Below............>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Bears Need Close Below Sgd1.3296
*RES 4: Sgd1.3415 - Low Dec 1 now resistance 
*RES 3: Sgd1.3383 - 200-DMA 
*RES 2: Sgd1.3372 - Bollinger band top 
*RES 1: Sgd1.3369 - High Jan 10
*PRICE: Sgd1.3305 @ 2300GMT
*SUP 1: Sgd1.3296 - High Apr 25 now support 
*SUP 2: Sgd1.3210 - 100-DMA 
*SUP 3: Sgd1.3197 - High Apr 6 now support 
*SUP 4: Sgd1.3173 - High Apr 20
*COMMENTARY: The 200-DMA has capped this week so far with bulls needing a close
above Sgd1.3415 to confirm a break and to shift initial focus to
Sgd1.3498-1.3538. Pressure has returned to initial support with bears needing a
close below Sgd1.3296 to gain breathing room and increase the likelihood of a
correction back to Sgd1.3133-1.3210 where key DMAs are noted. Correcting O/B
studies add weight to the bearish case.

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