The USD/SGD bounces to the upside from a key support level

The US Dollar versus the Singaporean Dollar has found a good support around the 1.3636 zone. A little bit below that level we can see the 55 period exponential moving average on the daily chart (purple line), which has also contributed to make this zone a good support area. We can see that the uptrend is still in place and the pair may try to go back and visit the 1.3935 area, especially if the Gross Domestic Product reading out of the US for this Friday comes out better than expected.