Selling opportunity in the currency pair is seen, from 23rd - 25th there was selling seen on an intraday basis and at the day end buyers have shown interest and pulled the price near the close.

On 28th the pair gapped down and on intraday basis buying came in the pair but was not able to sustain and sellers pulled the market down and the pair closed below the open, below 4 day close.

As per price action, selling at current market price would be recommended, for confirmation one can wait for the pair to close below the EMA.

NZD/SGD

Mar 29 2022