FxWirePro: USD/SGD moves in stiff boundaries, bias remains neutral

• USD/SGD is currently trading around 1.3654 marks.
   
• It made intraday high at 1.3663 and low at 1.3640 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 1.3692 will test key resistances at 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
   
• Alternatively, a consistent close below 1.3626 will drag the parity down towards key support at 1.3551/1.3502/1.3430/1.3390 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.