FxWirePro: USD/SGD hovers around 1.4150 mark, sustained close below requires for downside rally

• USD/SGD is currently trading around 1.4156 marks.
   
• It made intraday high at 1.4173 and low at 1.4148 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1.4134 mark.
   
• A daily close above 1.4210 will test key resistances at 1.4278, 1.4318, 1.4360, 1.4444, 1.4542, 1.4606, 1.47, 1.4762, 1.4818 and 1.4850 marks respectively.
   
• Alternatively, a consistent close below 1.4134 will drag the parity down towards key supports at 1.4097, 1.4062, 1.3938 and 1.3870 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 short position on USD/SGD only below 1.4148, stop loss at 1.4190 and target of 1.4097/1.4062.