FxWirePro: EUR/AUD retreats slightly but trend is still bullish 
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- USD/SGD is currently trading around 1.3619 marks.
- It made intraday high at 1.3627 and low at 1.3609 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 1.3617 will test key resistances at 1.3637, 1.3670, 1.3706, 1.3770 and 1.3790 marks respectively.
- Alternatively, a consistent close below 1.3617 will drag the parity down towards key supports at 1.3590, 1.3550, 1.3457, 1.3387, 1.3350 and 1.3267 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take long position on USD/SGD around 1.3610, stop loss at 1.3590 and target of 1.3670.
