*** Daily Outlook on Asian currency ***

[acetraderfx]

DAILY USD/SGD OUTLOOK - 1.2350

29 Apr 2013 06:40GMT

Usd's breach of Fri's low at 1.2356 signals rise fm Apr's 1.2318 low has ended at 1.2437 n re-test of said sup wud be seen after consolidation.

Trade fm short side with stop now as indicated, abv wud defer bearishness n risk gain to 1.2374

STRATEGY : Short at 1.2375

POSITION : Short at 1.2375

OBJECTIVE : 1.2345

STOP-LOSS : 1.2360

RES : 1.2374/1.2396/1.2437

SUP : 1.2318/1.2306/1.2298