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USDSGD touching important resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USDSGD is one of the interesting pairs to trade and analyze. Fundamentally the pair is susceptible to Chinese data , especially Chinese GDP. Latest data also show the raise of Singapore government bonds by 0.05 % while 10 year bond gained 0.02 %. Technically the pair is bouncing off support and it is showing a retracement but both MACD and Price patterns show a bearish trend. H4 chart shows a bearish zig zag and X cross confluence in 1.3920 zone. H3 weekly PP, Inner trend line and historical

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