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FxWirePro- Major European Indices 
- USD/SGD is currently trading around 1.3562 marks.
- It made intraday high at 1.3563 and low at 1.3522 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3522 marks.
- A daily close below 1.3496 will drag the parity down towards key supports at 1.3420/1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
- Alternatively, a sustained close above 1.3570 will tests key resistances at 1.3646, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
- Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend. Current upside movement is short term trend correction only.
We prefer to take long position in USD/SGD only above 1.3570, stop loss 1.3522 and target 1.3625/ 1.3738.
