FxWirePro: USD/SGD stabilizes above 1.3850 mark, consistent close above targets 1.3942 mark

• USD/SGD is currently trading around 1.3858 marks.
   
• It made intraday high at 1.3873 and low at 1.3852 levels.
   
• Intraday bias remains bullish for the moment.
   
• A daily close above 1.3857 will test key resistances at 1.3878, 1.3942 and 1.3988 marks respectively.
   
• Alternatively, a consistent close below 1.3857 will drag the parity down towards key supports at 1.3790, 1.3748, 1.3702, 1.3643 and 1.3590 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

Positioning is inconclusive at this point. We remain sideways for the time being.