FxWirePro: USD/SGD consolidates around 1.3950 mark, bias remains neutral

• USD/SGD is currently trading around 1.3957 marks.
   
• It made intraday high at 1.3961 and low at 1.3950 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1.3930 marks. 


• A daily close above 1.3958 will test key resistances at 1.4001, 1.4027, 1.4077, 1.4160, 1.4219, 1.4266, 1.4327, 1.4409 and 1.4506 levels respectively.
   
• Alternatively, a consistent close below 1.3958 will drag the parity down towards key supports at 1.3930/1.3908/1.3851/1.3775/1.3704/1.3646 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.