FxWirePro: USD/CNY downtrend loses steam, remains on bearish path 
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FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 
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FxWirePro: AUD/USD cedes early gains ,outlook bearish 
- USD/SGD is currently trading around 1.3780 marks.
- It made intraday high at 1.3788 and low at 1.3765 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 1.3775 will test key resistances at 1.3820, 1.3872, 1.3905 and 1.3948 levels respectively.
- Alternatively, a consistent close below 1.3775 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. Current downside movement is short term trend correction only.
We prefer to take long position on USD/SGD only above 1.3790, stop loss at 1.3750 and target of 1.3820/1.3872.
