Tue, 21 Apr 2015 12:56:06 GMT
AUD/SGD 4H Chart: Broadening Rising Wedge
In just seven-day time period at the end of March, the Aussie lost 570 pips against the Singapore Dollar. Support was found at 1.0250 and AUD/SGD pair resumed appreciating, eventually creating the broadening rising wedge pattern. However, at current stage the pair is undergoing a period of correction, which is likely to extend down to the pattern's lower boundary in