26 Jul 2013
USD/SGD ranging between 1.26/1.27 all week long
FXstreet.com (Barcelona) - The USD/SGD foreign exchange rate is last trading at 1.2644 bids, flat for the session so far and for the week, off recent session highs at 1.2648 on the back of broad USD weakness.
USD/SGD to keep within range
“USD/SGD once again trading in the middle of its recent range, with the SGD NEER seen at +0.09% above its midpoint,” said the FXMarketAlerts Team, adding: “Spot prices have been oscillating around the NEER midpoint in recent day and we do not expect anything to change on the last day of the week. Expect prices to keep within a range of 1.2600 - 1.2700, with a slight bias on the upside.”
USD/SGD key technical levels
Immediate support to the downside for USD/SGD lies at recent session/daily lows 1.2632, followed by Wednesday's lows 1.2618, and Tuesday's weekly lows at 1.2585. To the upside, closest resistance shows at recent session/Mon/Tue's highs 1.2674/78, followed by July 15 highs at 1.2685, and yesterday's/Wednesday's weekly highs at 1.2702.
USD/SGD to keep within range
“USD/SGD once again trading in the middle of its recent range, with the SGD NEER seen at +0.09% above its midpoint,” said the FXMarketAlerts Team, adding: “Spot prices have been oscillating around the NEER midpoint in recent day and we do not expect anything to change on the last day of the week. Expect prices to keep within a range of 1.2600 - 1.2700, with a slight bias on the upside.”
USD/SGD key technical levels
Immediate support to the downside for USD/SGD lies at recent session/daily lows 1.2632, followed by Wednesday's lows 1.2618, and Tuesday's weekly lows at 1.2585. To the upside, closest resistance shows at recent session/Mon/Tue's highs 1.2674/78, followed by July 15 highs at 1.2685, and yesterday's/Wednesday's weekly highs at 1.2702.