FxWirePro: USD/SGD remains well supported below 1.38 mark, bias remains neutral

• USD/SGD is currently trading around 1.3770 marks.
   
• It made intraday high at 1.3772 and low at 1.3745 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance 1.3790 marks.
   
• A daily close above 1.3790 will test key resistances at 1.3840, 1.3872, 1.3905 and 1.3948 levels respectively.
   
• Alternatively, a consistent close below 1.3766 will drag the parity down towards key supports at 1.3738/1.3690/1.3654/1.3620/1.3570/1.3510/1.3450 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 long position on USD/SGD only above 1.3790, stop loss at 1.3750 and target of 1.3840.