FxWirePro: Singapore dollar rises remarkably against U.S. dollar, consistent close below 1.3612 targets 1.3522

• USD/SGD is currently trading around 1.3615 marks.
   
• It made intraday high at 1.3619 and low at 1.3602 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 1.3643 mark.
   
• A daily close above 1.3612 will test key resistances at1.3670, 1.3706, 1.3770, 1.3790, 1.3827, 1.3913, 1.3945, 1.3984 and 1.4012 marks respectively.
   
• Alternatively, a consistent close below 1.3612 will drag the parity down towards key supports at 1.3580, 1.3522 and 1.3490 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position on USD/SGD only below 1.3602, stop loss at 1.3650 and target of 1.3580/1.3522.