FxWirePro: USD/SGD rejects key support at 1.4122 mark, consistent close above 1.4170 targets 1.4257 mark

• USD/SGD is currently trading around 1.4171 marks.
   
• It made intraday high at 1.4182 and low at 1.4130 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1.4122 mark.
   
• A daily close above 1.4170 will test key resistances at 1.4257, 1.4296, 1.4326, 1.4360, 1.4542, 1.4606, 1.47, 1.4762, 1.4818 and 1.4850 marks respectively.
   
• Alternatively, a consistent close below 1.4122 will drag the parity down towards key supports at 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 long position on USD/SGD around 1.4165, stop loss at 1.4120 and target of 1.4257/1.4296.