Fxwirepro: Singapore Dollar Marginally Lower in Early Hours of Asia, Bias Remains Neutral

USD/SGD is currently trading around 1.4370 marks.

It made intraday high at 1.4373 and low at 1.4355 levels.

Intraday bias remains neutral for the moment.

A daily close above 1.4361 will test key resistances at 1.4392, 1.4437, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.

Alternatively, a consistent close below 1.4361 will drag the parity down towards key supports at 1.4317/1.4269/1.4219/1.4150/1.4046/1.3972/1.3819/1.3775/1.3704/1.3646 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 in USD/SGD only above 1.4383, stop loss 1.4317 and target of 1.4500.

News are provided by InstaForex