USD/SGD MACD opens the gates for further depreciation

FXStreet Team FXStreet

A bearish MACD line cross below its median on a daily chart suggests that momentum is to the downside at the moment.

Traders following this technical signal will now more confident that serious inroads to the USD/SGD downside can be achieved. Potential and long-term sellers should find comfort in the fact that this signal hasn't occurred for more than three weeks on the daily charts.

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FXStreet Team

FXStreet

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