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Bulls Need Close Above............>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Bulls Need Close Above Sgd1.3253
*RES 4: Sgd1.3369 - High Jan 10 
*RES 3: Sgd1.3333 - 21-DMA 
*RES 2: Sgd1.3302 - High Jan 12 
*RES 1: Sgd1.3253 - High Jan 15
*PRICE: Sgd1.3228 @ 2300GMT
*SUP 1: Sgd1.3179 - 2018 Low Jan 17 
*SUP 2: Sgd1.3145 - 2015 Low Apr 29 
*SUP 3: Sgd1.3000 - Monthly Low Dec 16 2014 
*SUP 4: Sgd1.2955 - Low Nov 27 2014
*COMMENTARY: The lack of follow through on fresh 2018 and 2+yr lows is a concern
when combined with momentum divergence and O/S studies looking to correct
higher. Bulls now need a close above Sgd1.3253 to gain breathing room and above
Sgd1.3369 to confirm a break of the 21-DMA and shift focus to Sgd1.3451-96 where
55 & 100-DMAs are noted. While Sgd1.3253 caps immediate focus remains on 2015
lows.

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