FxWirePro: USD/SGD stabilizes below 1.3650 mark, faces key support at 1.3625 mark

• USD/SGD is currently trading around 1.3642 marks.
   
• It made intraday high at 1.3649 and low at 1.3638 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1.3625 mark.
   
• A daily close above 1.3670 will test key resistances at 1.3699, 1.3760, 1.3838, 1.3854, 1.3896 and 1.3945 marks respectively.
   
• Alternatively, a consistent close below 1.3644 will drag the parity down towards key supports at 1.3625, 1.3599, 1.3570 and 1.3458 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to take short position on USD/SGD only below 1.3625, stop loss at 1.3670 and target of 1.3570.