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NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 
- USD/SGD is currently trading around 1.3695 marks.
- It made intraday high at 1.3715 and low at 1.3692 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 1.3701 will test key resistances at 1.3722, 1.3770, 1.3790, 1.3838, 1.3872, 1.3905, 1.3948 and 1.4050 levels respectively.
- Alternatively, a consistent close below 1.3701 will drag the parity down towards key supports at 1.3668/1.3620/1.3570/1.3510 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/SGD only below 1.3692, stop loss at 1.3722 and target of 1.3620.
