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FxWirePro GBP/NZD sinks to two-week low with plenty more downside potential 
- USD/SGD is currently trading around 1.3570 marks.
- It made intraday high at 1.3576 and low at 1.3567 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.3590 mark.
- A daily close above 1.3574 will test key resistances at 1.3590, 1.3615, 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
- Alternatively, a consistent close below 1.3574 will drag the parity down towards key supports at 1.3538, 1.3490, 1.3470, 1.3422, 1.3378 and 1.3315 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 around 1.3575, stop loss at 1.3600 and target of 1.3538.
