Tag Archives: USD/SGD

Asian Currencies Technicals

The spike higher Thursday lacked follow through, marginally trading above the 21-DMA (Sgd1.2492).

AUDUSD fell from 0.9435 to 0.9379 following RBA Governor Stevens’ statement that the AUD is significantly overvalued.

G10 FX markets drifted sideways with EURUSD at 1.3677 and USDJPY up marginally to 101.62.

After remaining capped ahead of the 21-DMA last week USD/SGD took out and closed below previous initial support on

The pro-cyclical theme saw the dollar’s weakness extend, predominantly to the benefit of AUDUSD,

Consistent with the overall pro-risk tone, the dollar lost ground against Asian currencies.

The 21-DMA capped rallies last week with layers of resistance noted in the Sgd1.2513-45 region.

EURUSD and AUDUSD are a touch higher today, rising to 1.3627 and 0.9438 respectively.

EURUSD barely moved at 1.3634, while both the AUDUSD and USDJPY wereever so slightly lower at 0.942 and 101.74, respectively.

USD/SGD managed a brief spike above the previous Sgd1.2511 resistance level on Wednesday only to remain capped ahead of the 21-DMA and

EURUSD barely moved at 1.3603, while both AUDUSD and USDJPY are a touch lower at 0.9363 and 101.9, respectively.

USD/SGD continues to trade sideways in narrow ranges below the initial resistance at Sgd1.2511.