FxWirePro: USD/SGD hovers around 1.36 mark, faces key resistance at 1.3627

• USD/SGD is currently trading around 1.3604 marks.
   
• It made intraday high at 1.3627 and low at 1.3494 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1.3627 levels.
   
• A daily close below 1.3535 will drag the parity down towards key supports at 1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
   
• Alternatively, reversal from key support will test key resistances at 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
   
• Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend. Current upside movement is short term trend correction only.

We prefer to take short position in USD/SGD around 1.3610, stop loss 1.3632 and target 1.3458 marks.