FxWirePro: Singaore dollar trades almost flat ahead of CPI, core CPI data

• USD/SGD is currently trading around 1.3595 marks.
   
• It made intraday high at 1.3605 and low at 1.3587 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 1.3599 will test key resistances at 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
   
• Alternatively, a consistent close below 1.3599 will drag the parity down towards key supports at 1.3587, 1.3538, 1.3499, 1.3465, 1.3422 and 1.3315 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Singapore will release CPI as well as core CPI data at 0500 GMT.

We prefer to take short position on USD/SGD only below 1.3575, stop loss at 1.3650 and target of 1.3499.