FxWirePro: USD/SGD exhibits range bound movement, down side limited

• USD/SGD is currently trading around 1.4138 marks.
   
• It made intraday high at 1.4161 and low at 1.4128 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1.4159 marks.
   
• A sustained close above 1.4159 will test key resistances at 1.4228, 1.4336 and 1.4443 levels respectively.
   
• Alternatively, a consistent close below 1.4096 will drag the parity down towards key supports at 1.4046/1.3970/1.3819/1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go long on USD/SGD only above 1.4162 with stop loss at 1.4096 and target of 1.4228/1.4336.