FxWirePro: Singapore dollar trades marginally lower in early Asia ahead of CPI, core CPI data

• USD/SGD is currently trading around 1.3651 marks.
   
• It made intraday high at 1.3654 and low at 1.3641 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 1.3640 marks.
   
• A daily close above 1.3640 will test key resistances at 1.3690, 1.3720, 1.3780, 1.3820, 1.3854 and 1.3905 levels respectively.
   
• Alternatively, a consistent close below 1.3640 will drag the parity down towards key supports at 1.3607/1.3570/1.3510/1.3450 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 at 0500 GMT.

We prefer to take long position on USD/SGD only above 1.3690, stop loss at 1.3640 and target of 1.3755.