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AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop 
- USD/SGD is currently trading around 1.3599 marks.
- It made intraday high at 1.3602 and low at 1.3562 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3565 mark.
- A daily close above 1.3565 will test key resistances at 1.3637, 1.3692, 1.3788, 1.3822, 1.3949, 1.4046, 1.4095, 1.4128, 1.4219 and 1.4310 levels respectively.
- Alternatively, a consistent close below 1.3565 will drag the parity down towards key supports at 1.3510/1.3492/1.3460/1.3418/1.3346/1.3217/1.3164/1.3005 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take long position in USD/SGD around 1.3595, stop loss 1.3550 and target of 1.3637/1.3692.
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