FxWirePro: USD/SGD trades in narrow range in early hours of Asia, bias remains neutral

• USD/SGD is currently trading around 1.4360 marks.
   
• It made intraday high at 1.4372 and low at 1.4340 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 1.4363 will test key resistances at 1.4392, 1.4437, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.
   
• Alternatively, a consistent close below 1.4363 will drag the parity down towards key supports at 1.4269/1.4219/1.4150/1.4046/1.3972/1.3819/1.3775/1.3704/1.3646 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 in USD/SGD around 1.4350, stop loss 1.4437 and target of 1.4269/1.4219.