FxWirePro: USD/SGD stabilizes above 1.37 mark, upside limited

• USD/SGD is currently trading around 1.3715 marks.
   
• It made intraday high at 1.3725 and low at 1.3704 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 1.3694 mark.
   
• A daily close above 1.3732 will test key resistances at 1.3770, 1.3790, 1.3827, 1.3913, 1.3945, 1.3984 and 1.4012 marks respectively.
   
• Alternatively, a consistent close below 1.3694 will drag the parity down towards key supports at 1.3667, 1.3622 and 1.3580 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 around 1.3720, stop loss at 1.3740 and target of 1.3694/1.3667/1.3622.