FxWirePro: SGD erases previous gain against US dollar, buy on dips

• Pair is currently trading at 1.3805 levels. 
   
• It made intraday high at 1.3818 and low at 1.3732 levels. 
   
• Intraday bias remains bullish till the time pair holds key support at 1.3732 levels. 
   
• A sustained break of key support will drag the parity around 1.3322 marks.
   
• Alternatively, reversal from 1.3732 will take the parity around 1.40 marks.
   
• Important to note here that key resistance falls at 1.4044 marks. A daily close above 1.4044 is required to turn the bias bullish otherwise pair likely to consolidate below 1.4044 levels.

Trading call: Buy USD/SGD around 1.38, stop loss 1.3732 and book profit around 1.40 levels.