FxWirePro: USD/SGD hovers around key support at 1.3652 mark, consistent close below requires for downside rally

• USD/SGD is currently trading around 1.3651 marks.
   
• It made intraday high at 1.3657 and low at 1.3639 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 1.3652 will test key resistances at 1.3692, 1.3745, 1.3818, 1.3854 and 1.3905 levels respectively.
   
• Alternatively, a consistent close below 1.3652 will drag the parity down towards key supports at 1.3620/1.3570/1.3510 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 1.3660, stop loss at 1.3620 and target of 1.3745.