Tue, 09 Jun 2015 06:53:04 GMT
USD/SGD 4H Chart: Rising Wedge
USD/SGD seems to have finally ended the downward correction at the 50% retracement of the up-move that developed between Jul 2014 and Mar 2015. However, the emergence of the rising wedge indicates that the bullish momentum is probably running out of steam. If the rising trend-line at 1.3480 is broken, the outlook will be strongly negative, but there will be