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NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 
- USD/SGD is currently trading around 1.3745 marks.
- It made intraday high at 1.3759 and low at 1.3742 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3770 mark.
- A daily close above 1.3751 will test key resistances at 1.3790, 1.3827, 1.3913, 1.3945, 1.3984 and 1.4012 marks respectively.
- Alternatively, a consistent close below 1.3751 will drag the parity down towards key supports at 1.3720, 1.3667, 1.3622 and 1.3580 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 retail sales data around 0500 GMT.
We prefer to take short position on USD/SGD around 1.3750, stop loss at 1.3770 and target of 1.3720/1.3667.
