FxWirePro: USD/SGD remains well supported above 1.36 mark, good to buy on dips

• USD/SGD is currently trading around 1.3644 marks.
   
• It made intraday high at 1.3659 and low at 1.3642 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1.3587 mark.
   
• A daily close above 1.3651 will test key resistances at 1.3715, 1.3768, 1.3822, 1.3949, 1.4046, 1.4095, 1.4128, 1.4219 and 1.4310 levels respectively.
   
• Alternatively, a consistent close below 1.3651 will drag the parity down towards key supports at 1.3570/1.3510/1.3492/1.3460/1.3418/1.3346/1.3217/1.3164/1.3005 levels respectively.

We prefer to take long position on USD/SGD around 1.3638, stop loss at 1.3587 and target of 1.3715.

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