USD/SGD, USD/MYR, USD/IDR, USD/PHP – Speaking Factors
- US Dollar stalling in opposition to SGD, MYR, IDR and PHP
- Medium-term worth indicators nonetheless favor an upside bias
- USD/SGD, USD/MYR, USD/IDR, USD/PHP outlook
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Singapore Greenback Technical Outlook
The Singapore Greenback has been making cautious positive aspects in opposition to the US Greenback as of late. USD/SGD even took out a near-term rising help line from final month – thinner blue line on the chart under. The push above the Falling Wedge hints that current worth motion may replicate a brief correction nevertheless. That is usually a bullish chart sample. From right here, near-term help lays under at 1.3596 with key resistance above 1.3657.
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