FxWirePro: Singapore dollar trades marginally higher ahead of industrial production data, sustained close above 1.3515 requires for upside rally

• USD/SGD is currently trading around 1.3504 marks.
   
• It made intraday high at 1.3517 and low at 1.3500 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 1.3515 will test key resistances at 1.3537, 1.3590, 1.3637, 1.3670, 1.3706, 1.3770 and 1.3790 marks respectively.
   
• Alternatively, a consistent close below 1.3487 will drag the parity down towards key supports at 1.3457, 1.3387, 1.3350 and 1.3267 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Singapore will release industrial production data around 0500 GMT.
   

We prefer to take long position on USD/SGD only above 1.3520, stop loss at 1.3490 and target of 1.3590.