FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop 
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NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 
- USD/SGD is currently trading around 1.4245 marks.
- It made intraday high at 1.4263 and low at 1.4232 levels.
- Intraday bias remains neutral till the time pair holds key support at 1.4210 mark.
- A daily close above 1.4241 will test key resistances at 1.4310, 1.4383, 1.4542, 1.4606, 1.47, 1.4762, 1.4818 and 1.4850 marks respectively.
- Alternatively, a consistent close below 1.4241 will drag the parity down towards key supports at 1.4210, 1.4174, 1.4102, 1.4044, 1.3938 and 1.3870 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
Positioning is inconclusive at this point. We remain sideways for the time being.
