Fxwirepro: Usd/sgd Hovers Around 1.3500 Mark, Sustain a Break Below Targets 1.3420

USD/SGD is currently trading around 1.3496 marks.
It made intraday high at 1.3536 and low at 1.3478 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1.3537 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 1.3537 will tests key resistances at 1.3638, 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.
We prefer to take short position in USD/SGD only below 1.3480, stop loss 1.3537 and target 1.3420/1.3357.

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