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FxWirePro- Woodies Pivot(Major) 
- USD/SGD is currently trading around 1.3490 marks.
- It made intraday high at 1.3504 and low at 1.3461 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3545 levels.
- A daily close below 1.3465 will drag the parity down towards key supports at 1.3422(April 11, 2016 low), 1.3357 (April 20, 2016 low) /1.3318/1.3302 levels.
- Alternatively, a sustained close above 1.3545 is required to test key resistances at 1.3622, 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 at 1.3470, stop loss 1.3450 and target 1.3545 marks.
