7 Aug 2013
USD/SGD gathering bidders above 1.2660
FXstreet.com (Barcelona) - The USD/SGD foreign exchange rate is last trading at 1.2687, off recent session lows at 1.2660, down -0.31% for the week so far.
USD/SGD supported on MYR selling
According to IFRMarkets analyst Catherine Tan the USD/SGD pair is finding support on MYR selling. “Strong buying in SGD/MYR hinder upside in USD/SGD,” Tan said, risking near taking profits. Singapore and Malaysian markets will be closed Thursday and Friday over holidays.
USD/SGD key technical levels
Immediate resistance to the upside for USD/SGD shows at recent session/July 31 highs 1.2694, followed by Friday's lows at 1.2702, while to the downside, closest support lies at recent session/yesterday's/Monday's weekly lows 1.2660/55, followed by July 28/28 lows at 1.2619.
USD/SGD supported on MYR selling
According to IFRMarkets analyst Catherine Tan the USD/SGD pair is finding support on MYR selling. “Strong buying in SGD/MYR hinder upside in USD/SGD,” Tan said, risking near taking profits. Singapore and Malaysian markets will be closed Thursday and Friday over holidays.
USD/SGD key technical levels
Immediate resistance to the upside for USD/SGD shows at recent session/July 31 highs 1.2694, followed by Friday's lows at 1.2702, while to the downside, closest support lies at recent session/yesterday's/Monday's weekly lows 1.2660/55, followed by July 28/28 lows at 1.2619.