27 Sep 2013
USD/SGD soars to 1.2567 highs
FXstreet.com (Chicago) - USD/SGD continues advancing to print 0.11% gains so far. Soaring to 1.2567 highs, the pair extends bullish channel.
USD/SGD Technical Levels
Price action reveals the pair extends the bullish channel originated last September 18th. The primary trend points up but the secondary trend points down and the pair is offered at 1.2564 and oscillates between supports aligned at 1.2534 (September 22nd highs), 1.2520 (September 20th highs) ahead of 1.25 (June 12th highs) and the resistances set at 1.2557 (August 12th lows), 1.2575 (July 10th lows) ahead of 1.2589 (September 13th lows). According to the FXstreet.com trend index, the pair is lightly bullish on one-hour timeframe analysis with a neutral EMA20.
USD/SGD Technical Levels
Price action reveals the pair extends the bullish channel originated last September 18th. The primary trend points up but the secondary trend points down and the pair is offered at 1.2564 and oscillates between supports aligned at 1.2534 (September 22nd highs), 1.2520 (September 20th highs) ahead of 1.25 (June 12th highs) and the resistances set at 1.2557 (August 12th lows), 1.2575 (July 10th lows) ahead of 1.2589 (September 13th lows). According to the FXstreet.com trend index, the pair is lightly bullish on one-hour timeframe analysis with a neutral EMA20.