Forex Market Outlook on Asian Exotics USD/SGD: April 15, 2014


sgd   DAILY USD/SGD OUTLOOK - 1.2527
15 Apr 2014    06:40GMT

USD's rise from last Wed's 4-month trough at 1.2451
to 1.2546 today signals long-awaited correction has
taken place and further gain to 1.2565/70 is likely.

Turn long on dips and exit and up move as 1.2583 should
cap upside. Below 1.2485 indicates top, 1.2465/70.


STRATEGY : Buy at 1.2515

OBJECTIVE : 1.2565

STOP-LOSS : 1.2490

RES : 1.2546/1.2568/1.2583

SUP : 1.2506/1.2465/1.2451

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