USD/SGD: Consolidate higher – OCBC
USD/SGD continued to inch higher, tracking the rise in USDCNH. Pair was last seen at 1.3475, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Consolidation higher likely in the near term
“Mild bearish momentum on daily chart faded while RSI rose. Consolidation higher likely in the near term. Resistance at 1.3490, 1.3520 levels. Support at 1.3390 (21 DMA), 1.3340 (200 DMA).”
“S$NEER was last at 0.86% above model-implied mid. This still shows that SGD remains firmer vs. peers in the trade basket but it is less firm today (vs. than for most of the year).”
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.