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AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 
- USD/SGD is currently trading around 1.3623 marks.
- It made intraday high at 1.3640 and low at 1.3621 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3675 mark.
- A daily close above 1.3675 will test key resistances at 1.3788, 1.3822, 1.3949, 1.4046, 1.4095, 1.4128, 1.4219 and 1.4310 levels respectively.
- Alternatively, a consistent close below 1.3618 will drag the parity down towards key supports at 1.3587/1.3545/1.3512/1.3435/1.3347 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in USD/SGD only below 1.3618, stop loss 1.3675 and target of 1.3545.
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