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15 Aug 2013
USD/SGD rejected below key 1.2700
FXstreet.com (Barcelona) - The USD/SGD foreign exchange rate is last trading at 1.2686 bids, off London session fresh 1-week highs printed at 1.2724, up +0.93% for the week thus far.
USD/SGD uptrend remains intact
According to Catherine Tan at IFRMarkets, current retrace is mostly due on profit taking, but “uptrend remains intact,” Tan said. “Leveraged and momentum funds did orders cited between 1.2680-1.2690,” Tan added, tipping an intraday range of 1.2680-1.2740.
USD/SGD key technical levels
Immediate resistance to the upside for USD/SGD shows at current levels as August 06/07 highs 1.2695, followed by August 02 lows 1.2703, and mentioned London fresh 1-week highs at 1.2725.To the downside, closest support lies at current levels too as August 08 highs 1.2683, followed by August 06 lows at 1.2665, and Tuesday's lows at 1.2616.
USD/SGD uptrend remains intact
According to Catherine Tan at IFRMarkets, current retrace is mostly due on profit taking, but “uptrend remains intact,” Tan said. “Leveraged and momentum funds did orders cited between 1.2680-1.2690,” Tan added, tipping an intraday range of 1.2680-1.2740.
USD/SGD key technical levels
Immediate resistance to the upside for USD/SGD shows at current levels as August 06/07 highs 1.2695, followed by August 02 lows 1.2703, and mentioned London fresh 1-week highs at 1.2725.To the downside, closest support lies at current levels too as August 08 highs 1.2683, followed by August 06 lows at 1.2665, and Tuesday's lows at 1.2616.