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NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold 
- USD/SGD is currently trading around 1.3504 marks.
- It made intraday high at 1.3517 and low at 1.3500 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 1.3515 will test key resistances at 1.3537, 1.3590, 1.3637, 1.3670, 1.3706, 1.3770 and 1.3790 marks respectively.
- Alternatively, a consistent close below 1.3487 will drag the parity down towards key supports at 1.3457, 1.3387, 1.3350 and 1.3267 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 industrial production data around 0500 GMT.
We prefer to take long position on USD/SGD only above 1.3520, stop loss at 1.3490 and target of 1.3590.
