FxWirePro: Singapore dollar falls gradually against U.S. dollar , bias remains bullish

• USD/SGD is currently trading around 1.3662 marks.
   
• It made intraday high at 1.3667 and low at 1.3645 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1.3600 mark.
   
• A daily close above 1.3651 will test key resistances at 1.3690, 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
   
• Alternatively, a consistent close below 1.3651 will drag the parity down towards key support at 1.3607/1.3551/1.3502/1.3430/1.3390 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 1.3655, stop loss 1.3600 and target of 1.3745.