USD/SGD, USD/MYR, USD/PHP, USD/IDR – Speaking Factors
- USD/SGD downtrend could also be reinstated by potential resistance
- Pattern line maintains USD/MYR downtrend, costs eye assist
- USD/PHP turns decrease after CPI information, will consolidation finish?
Singapore Greenback Technical Outlook
The Singapore Greenback has been cautiously weakening towards the US Dollar since costs appeared to have found a bottom last week. This adopted a bullish engulfing and now lately, a push by way of near-term falling resistance from December – pink line under. That might pave the way in which for additional beneficial properties in USD/SGD as costs try and clear the psychological barrier at 1.3521. Potential resistance from September might preserve the give attention to the medium-term downtrend – pink parallel strains on the chart under.
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