FxWirePro: USD/SGD breaks key support at 1.3652 mark, bias remains slightly bearish

• USD/SGD is currently trading around 1.3640 marks.
   
• It made intraday high at 1.3650 and low at 1.3636 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 1.3690 marks.
   
• A daily close above 1.3646 will test key resistances at 1.3690, 1.3720, 1.3780, 1.3820, 1.3854 and 1.3905 levels respectively.
   
• Alternatively, a consistent close below 1.3646 will drag the parity down towards key supports at 1.3607/1.3570/1.3510/1.3450 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to take short position on USD/SGD around 1.3645, stop loss at 1.3700 and target of 1.3607.