USDSGD daily have stopped at 61.8 retracement from recent upmove, flag is broken on the downside. 1.2520 is trendline retest + 1.2500 is 38.2 retracement of most recent down move.
On the weekly, USDSGD is below the 9 KAMA and showing a bearish candle. Possible target 1.2370 which is trendline extending from 16 dec 2012.
On the H4, USDSGD looks to be retesting trendline testing the 9KAMA.
Minor resistance 1.2520, SL above 1.2540.
Near term support is low at 1.2440, followed by 1.2370.
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