FxWirePro: Singapore dollar trades almost flat in early Asia, bias remains neutral

• USD/SGD is currently trading around 1.3457 marks.
   
• It made intraday high at 1.3471 and low at 1.3444 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 1.3457 will test key resistances at 1.3490, 1.3532 and 1.3587 levels respectively.
   
• Alternatively, a consistent close below 1.3457 will drag the parity down towards key support at 1.3422/1.3370/1.3311/1.3255/1.3218 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 1.3450, stop loss 1.3420 and target of 1.3490.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invests