USD/SGD: Upside risk – OCBC
Source Fxstreet
USD/SGD extended its bull run, tracking moves in broad USD. Pair was last at 1.3475 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Risk skewed to the upside
“Trend is your friend and trump trade is the trend for now. Risks remain skewed to the upside. Daily momentum is mild bullish while RSI rose. Risk skewed to the upside.”
“Resistance at 1.3520 levels. Support at 1.3340 (200 DMA), 1.3290 (61.8% fibo retracement of Jun high to Oct low). S$NEER was last at 1.25% above model-implied mid.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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AUD/USD holds ground near 0.6700 due to cautious RBA toneAUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
AUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
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