NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play 
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FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Major European Indices 
- USD/SGD is currently trading around 1.4078 marks.
- It made intraday high at 1.4096 and low at 1.4054 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 1.4096 will test key resistances at 1.4168, 1.4212, 1.4297, 1.4409, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.
- Alternatively, a consistent close below 1.4096 will drag the parity down towards key supports at 1.4046/1.3972/1.3819/1.3775/1.3704/1.3646 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 in USD/SGD around 1.4080, stop loss at 1.4168 and target of 1.3972.
