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DOLLAR-SING: USD/SGD trades off an earlier high......>

BRENT TECHS, DOLLAR-SING
DOLLAR-SING: USD/SGD trades off an earlier high (SGD1.4272), last at SGD1.4263,
27 pips richer on the day. Participants await industrial output data, due out of
Singapore within a couple of hours.
- Worth recapping yesterday's BBG interview with Singapore's Trade & Industry
Min Chan, who said that the city-state and the world should brace for a much
more severe crisis than previously anticipated.
- Bulls see Apr 22/21 highs of SGD1.4324/29/ as their initial target. A break
here would bring Apr 3/6 highs of SGD1.4416/17 into play. Bears need a fall
below the 50-DMA at SGD1.4158 before setting their sights on SGD1.4135-23, where
the rate appeared to be building a base on Apr 10-15.
- Looking further afield, local Q1 unemployment data hits next Wednesday.

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