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FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
- USD/SGD is currently trading around 1.3825 marks.
- It made intraday high at 1.3862 and low at 1.3821 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3872 mark.
- A daily close above 1.3856 will test key resistances at 1.3872, 1.3905, 1.3948 and 1.4050 levels respectively.
- Alternatively, a consistent close below 1.3856 will drag the parity down towards key supports at 1.3790/1.3772/1.3730/1.3690/1.3654/1.3620/1.3570/1.3510/1.3450 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 1.3790, stop loss at 1.3850 and target of 1.3730.
