FxWirePro: USD/SGD touches 1.3869 mark in early Asia, bias remains slightly bearish

• USD/SGD is currently trading around 1.3821 marks.
   
• It made intraday high at 1.3869 and low at 1.3813 levels.
   
• Intraday bias remains slightly bearish for the moment.
   
• A daily close above 1.3847 will test key resistances at 1.3888, 1.3945 and 1.4012 marks respectively.
   
• Alternatively, a consistent close below 1.3847 will drag the parity down towards key supports at 1.3754, 1.3670, 1.3640, 1.3590, 1.3550, 1.3512 and 1.3454 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 1.3830, stop loss at 1.3870 and target of 1.3754.