FxWirePro: USD/SGD hits fresh 3-month low at 1.4050, sustained close below targets 1.3819

• USD/SGD is currently trading around 1.4083 marks.
   
• It made intraday high at 1.4092 and low at 1.4064 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 1.4161 marks.
   
• A daily close above 1.4064 will test key resistances at 1.4161, 1.4205, 1.4327, 1.4409, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.
   
• Alternatively, a consistent close below 1.4064 will drag the parity down towards key supports at 1.3972/1.3851/1.3775/1.3704/1.3646 levels respectively.
   
• Singapore January all items CPI +0.6 pct y/y (poll +0.6 pct), fastest rise since September 2014.
   
• Singapore January core CPI +1.5 pct y/y (poll +1.3 pct), fastest rise in more than two years.

We prefer to take short position in USD/SGD around 1.4100, stop loss at 1.4161 and target of 1.4050/1.3972.