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2 Aug 2013
USD/SGD stalls ahead of 1.28 fresh 2-week highs
FXstreet.com (Barcelona) - The USD/SGD foreign exchange rate is last trading at 1.2760, off recent session highs at 1.2772, highest since July 10.
USD/SGD looking at 1.28
According to IFRMarkets analysts recent new high is a confirmation of bulls “indeed in control,” with next key resistance at the 61.8% Fibo, which “should be overcome in days ahead,” IFRMarkets said.
USD/SGD key technical levels
Immediate resistance to the upside for USD/SGD shows at recent session/fresh 2-week highs 1.2772, followed by June 26 highs at 1.2784, while to the downside, closest support lies at current levels as Wednesday's highs at 1.2753 followed by July 19 highs 1.2710.
USD/SGD looking at 1.28
According to IFRMarkets analysts recent new high is a confirmation of bulls “indeed in control,” with next key resistance at the 61.8% Fibo, which “should be overcome in days ahead,” IFRMarkets said.
USD/SGD key technical levels
Immediate resistance to the upside for USD/SGD shows at recent session/fresh 2-week highs 1.2772, followed by June 26 highs at 1.2784, while to the downside, closest support lies at current levels as Wednesday's highs at 1.2753 followed by July 19 highs 1.2710.