FxWirePro: USD/SGD hovers around key resistance at 1.3565 mark,sustained close above requires for upside rally

• USD/SGD is currently trading around 1.3564 marks.
   
• It made intraday high at 1.3564 and low at 1.3548 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1.3565 mark.
   
• A daily close above 1.3565 will test key resistances at 1.3590, 1.3615 and 1.3672 marks respectively.
   
• Alternatively, a consistent close below 1.3520 will drag the parity down towards key supports at 1.3490, 1.3422, 1.3378 and 1.3315 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take long position on USD/SGD around 1.3560, stop loss at 1.3540 and target of 1.3590/1.3615.