Published at 00:16 (GMT) 28 Aug
27 Aug USD/SGD Daily
23::42 GMT - Trade seen last session exposed crack on the downside withbreak of 1.2474/67 supports and further enforced by the negative cross-over seen on daily MACD and this should attract shorts during intraday trading with slip of 1.2463 support to expose further weakness to 1.2435 strong support. [W.T]
R5: 1.2567 * 200-day MA line
R4: 1.2551 * 8 Aug high
R3: 1.2526 21 Aug high
R2: 1.2517 25 Aug high
R1: 1.2495 27 Aug high
S1: 1.2463 27 Aug low
S2: 1.2435 * 15 Aug low
S3: 1.2420 30 Jul low
S4: 1.2413 29 Jul low
S5: 1.2397 25 Jul low
Recommended Content
Editors’ Picks
AUD/USD holds above 0.6500 in thin trading
The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.
EUR/USD comfortable below 1.0800 lower lows at sight
The EUR/USD pair lost ground on Thursday and settled near a fresh March low of 1.0774. Strong US data and hawkish Fed speakers comments lead the way ahead of the release of the US PCE Price Index on Friday.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.
Google starts indexing Bitcoin addresses
Bitcoin address data is live on Google search results after users realized on Thursday that the tech giant started indexing Bitcoin blockchain data. However, mixed reactions have followed the tech giant's reversed stance on the cryptocurrency.
A Hollywood ending for fourth quarter GDP
The latest revisions put Q4 GDP at 3.4%, the second fastest quarterly growth rate in two years. Much of the upside was attributable to stronger consumer spending, yet fresh profits data affirmed it was a good quarter for the bottom line as well with profits up by the most since the Q2-2022.