| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The US Dollar has gained 3.30% against the Singapore Dollar during the past few weeks. This strong appreciation allowed the pair to reach a new one-year high and provide another confirmation of the upper channel line at 1.3730 early in July.
By mid-Thursday, the Greenback had returned to re-test this high and subsequently breached it to test the 1.3750 mark. Technical indicators remain bullish for the following week, suggesting that a test of the senior channel near 1.39 may follow during this time. The monthly R2 is located nearby at 1.3947.
This bullish momentum could be preceded by a slight correction south down to the 55– and 100-period (4H) SMAs located in the 1.3650 area.