Tag Archives: USD/THB

USD/SGD is hesitating a little following fresh 2014 and 4+ year highs with

Fresh 2014 and 4+ year highs again Wednesday see bulls focused on the rising daily channel top

Gains continue for the pair with fresh 2014 and 3 year highs now shifting focus to the Sgd1.3125-99 region.

Bulls have so far been unable to capitalize on the close above the 21-DMA ($0.8733) Friday with the pair correcting lower to

Bears take some comfort in the lack of topside follow through following fresh highs for the week and the proximity of the Bollinger band top.

The lack of follow through on the spike above the 21 & 100-DMAs Tuesday has now been followed up with a break below the previous $0.9288 support.

Losses following closes below both 100 & 55-DMAs continued Friday with the USD/SGD closing below the 21-DMA.

The rally continued for USD/SGD with bulls firmly focused on the Sgd1.2568-95 region. The 200-DMA is noted at Sgd1.2568 with a close above last seen in early March.

USD/SGD continues to struggle to close above the 55-DMA (Sgd1.2480) with Friday’s spike above reversing sharply from