FxWirePro: USD/SGD fails to find support above 1.37 mark, more sideways movement likely

• USD/SGD is currently trading around 1.3660 marks.
   
• It made intraday high at 1.3675 and low at 1.3657 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1.3705 mark.
   
• A daily close above 1.3705 will test key resistances at 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
   
• Alternatively, a consistent close below 1.3665 will drag the parity down towards key support at 1.3615/1.3570/1.3530/1.3496/1.3430/1.3390 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 only above 1.3692, stop loss at 1.3652 and target of 1.3745/1.3788.