Irene Cheung, Senior FX Strategist at ANZ, suggests that with their expectation of SGD depreciation against the USD, they look at six commonly-followed SGD cross. Key Quotes “We look at the commonly-followed SGD crosses: AUD/SGD, NZD/SGD, SGD/CNH, SGD/MYR, EUR/SGD and GBP/SGD. • AUD/SGD and NZD/SGD exhibit some range-trading behaviour. This provides relatively clear buy and sell levels for short term trading, and are good candidates for yield enhancement investments. • We expect both SGD and CNH to weaken against the USD, but relatively more for the SGD than CNH. For SGD/MYR, we see 2.92- 2.94 as the buy zone and 3.05-3.07 as the level to sell. • EUR/SGD appears to have based in 2015 and is now moving within a broad up-channel. GBP/SGD has broken a key trend-line on Brexit concerns. Trade the downside, then look to buy dips towards 1.90-1.92.” For more information, read our latest forex news.