FxWirePro: Singapore dollar falls ahead of business expectations data, hits lowest level since March 11

• USD/SGD is currently trading around 1.3589 marks.
   
• It made intraday high at 1.3591 and low at 1.3565 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1.3570 mark.
   
• A daily close above 1.3570 will test key resistances at 1.3590, 1.3615 and 1.3672 marks respectively.
   
• Alternatively, a consistent close below 1.3570 will drag the parity down towards key supports at 1.3522, 1.3490, 1.3422, 1.3378 and 1.3315 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.
   
• Singapore will release business expectations data around 0500 GMT.

We prefer to take long position on USD/SGD around 1.3580, stop loss at 1.3550 and target of 1.3615/1.3672.