FxWirePro: Singapore dollar falls in early Asia ahead of CPI, core CPI data

• USD/SGD is currently trading around 1.3803 marks.
   
• It made intraday high at 1.3807 and low at 1.3788 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1.3750 marks.
   
• A daily close above 1.3792 will test key resistances at 1.3813, 1.3854 and 1.3945 marks respectively.
   
• Alternatively, a consistent close below 1.3765 will drag the parity down towards key supports at 1.3720, 1.3690, 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.
• Singapore will release CPI as well as core CPI data around 0500 GMT.
    

We prefer to take long position on USD/SGD around 1.3790, stop loss at 1.3750 and target of 1.3854.