- USD/SGD is currently trading around 1.3678 marks.
- It made intraday high at 1.3679 and low at 1.3662 levels.
- Intraday bias remains neutral till the time pair holds key support at 1.3665 marks.
- A daily close above 1.3712 will test key resistances at 1.3760, 1.3813, 1.3854 and 1.3945 marks respectively.
- Alternatively, a consistent close below 1.3665 will drag the parity down towards key supports at 1.3650, 1.3625, 1.3599 and 1.3570 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 on USD/SGD only below 1.3662, stop loss at 1.3690 and target of 1.3599.