FxWirePro: USD/SGD trades in narrow range, stay bullish only above 1.3692 mark

• USD/SGD is currently trading around 1.3678 marks.
   
• It made intraday high at 1.3688 and low at 1.3670 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1.3692 mark.
   
• A daily close above 1.3675 will test key resistances at 1.3732, 1.3788 and 1.3854 levels respectively.
   
• Alternatively, a consistent close below 1.3675 will drag the parity down towards key support at 1.3592/1.3551/1.3502/1.3430/1.3390 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 long position on USD/SGD only above 1.3692, stop loss 1.3650 and target of 1.3788.