Forex - Chart USD/SGD Update: Retains downside pressure


Published at 01:44 (GMT) 13 Aug

   

Chart USD/SGD Update: Retains downside pressure (JCUC7401)

15 Aug USD/SGD Daily

00::30 GMT - Pullback from last week's high of 1.2551 now threatening strong support at 1.2443 and need a sustained move below latter to trigger another round of selling with the 1.2365 support set as the next target. Above 1.2493 high set prior session will fade downside risk. [W.T]
R5: 1.2587 * 4 Jun high
R4: 1.2567 * 200-day MA line
R3: 1.2551 * 8 Aug high
R2: 1.2521 11 Aug high
R1: 1.2493 14 Aug high

S1: 1.2443 * 5 Aug low
S2: 1.2420 30 Jul low
S3: 1.2413 29 Jul low
S4: 1.2397 25 Jul low
S5: 1.2365 ** 23 Jul low

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