FxWirePro: Singapore dollar appreciates in early Asia, faces immediate support at 1.3722 mark

• USD/SGD is currently trading around 1.3732 marks.
   
• It made intraday high at 1.3752 and low at 1.3731 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 1.3752 marks.
   
• A daily close above 1.3752 will test key resistances at 1.3805, 1.3838, 1.3854, 1.3896 and 1.3945 marks respectively.
   
• Alternatively, a consistent close below 1.3752 will drag the parity down towards key supports at 1.3722, 1.3690, 1.3650, 1.3625, 1.3599 and 1.3570 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position on USD/SGD around 1.3720, stop loss at 1.3680 and target of 1.3838.