Wed, Aug 26 2009, 03:37 GMT
by Anthony Samaha
(26 August Asia) Latest Impact: USDSGD threatens the bulls
USDSGD has been traded narrowly since the start of the month, and since August is known for lack of movements and defined long term targets, the market price remains on the bullish side for now targeting 14500.
This bullish scenario however, seems incompatible with the fundamentals and the support trendline @ 14370 should hold to stay with bulls. Any close below, and the market prefers then a stand aside mode as the bears may anticipate a quick bounce.
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Published on Wed, Aug 26 2009, 03:39 GMT
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