23 Oct 2013
USD/SGD stumbles to 1.2340; 5-month bottoms
FXstreet.com (Chicago) - USD/SGD was unable to resist bearish pressure and was sent to grounds around 5-month lows at 1.2340.
Market participants seem uneasy about US data to be released later in the day as most journeys this week point to data-driven reactions due to a vast amount of delayed facts postponed because of the US shutdown.
USD/SGD Technical Levels
Technically speaking, the pair is offered at 1.2351 and oscillates between the supports aligned at 1.2335 (session lows), 1.23 (May 6th lows) and 1.2267 (May 9th lows) and the resistances set at 1.2420 (October 17th lows), 1.24 (October 15th lows) followed by 1.2369 (October 18th lows).
Market participants seem uneasy about US data to be released later in the day as most journeys this week point to data-driven reactions due to a vast amount of delayed facts postponed because of the US shutdown.
USD/SGD Technical Levels
Technically speaking, the pair is offered at 1.2351 and oscillates between the supports aligned at 1.2335 (session lows), 1.23 (May 6th lows) and 1.2267 (May 9th lows) and the resistances set at 1.2420 (October 17th lows), 1.24 (October 15th lows) followed by 1.2369 (October 18th lows).