Wednesday, October 9, 2013

USDSGD 131009


USDSGD daily has broken the trendline resistance of the channel. 9 KAMA on the daily is still capping price at 1.2515.


USDSGD on the weekly, still under the 9 KAMA. Challenging the trendline resistance. 1.2390 is the support on the longer term trendline.


USDSGD on H4, broken out of trendline resistance of channel. Retest of trendline at 1.2480?


If price is unable to break the recent low, a higher low will be formed. Which will be a failure of flag extension a very bullish event.

Above 1.2590, bullish on USDSGD. below 1.2450 towards support at 1.2390.

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