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13 Aug 2013
USD/SGD finding resistance below previous support 1.2660
FXstreet.com (Barcelona) - The USD/SGD foreign exchange rate is last trading at 1.2634, off recent session/weekly highs printed at 1.2656 on the back of broad USD strength.
USD/SGD underlying sentiment still bullish
According to Catherine Tan at IFRMarkets, the “underlying sentiment” is still bullish for USD/SGD “despite improved Q2 GDP data,” Tan said. “Weak exports, Fed QE tapering exp underpin,” Tan added. “Models and funds touted buyers on dips still.”
USD/SGD key technical levels
Immediate support to the downside for USD/SGD lies at Friday's highs 1.2623, followed by Thursday's lows at 1.2587, while to the upside, closest resistance lies at recent session highs/August 06 lows 1.2656, followed by Thursday's highs at 1.2683.
USD/SGD underlying sentiment still bullish
According to Catherine Tan at IFRMarkets, the “underlying sentiment” is still bullish for USD/SGD “despite improved Q2 GDP data,” Tan said. “Weak exports, Fed QE tapering exp underpin,” Tan added. “Models and funds touted buyers on dips still.”
USD/SGD key technical levels
Immediate support to the downside for USD/SGD lies at Friday's highs 1.2623, followed by Thursday's lows at 1.2587, while to the upside, closest resistance lies at recent session highs/August 06 lows 1.2656, followed by Thursday's highs at 1.2683.