The sgdmyr on the 1hour still shows a possible pennant/ flag formation that is still in the works. price is still within the flag, support is at 1.2980 - 70.
In the short term if price breaks resistance at 3.000. Then near term price targets, 3.068.
On the daily, the sgdmyr is still flirting with a longer term down channel resistance. Price is now at resistance. A break targets to 3.12 which is the previous resistance from 2015 September.
Longer term on the weekly, the flag has grown too long to remain in play. We will need to consider it as a range down sloping channel.
A run up to 3.12 will be another interesting place to look at.
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