AUD/SGD 1H Chart: Pressured by 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)SellSellBuy
Aggregate

The Australian Dollar has been appreciating against the Singapore Dollar since the beginning of March, when the currency pair reversed north from the 0.9550 level.  

Currently, the pair is testing the weekly S2 at the 0.9617 mark. From a technical perspective, it is likely, that some upside potential prevails in the market, as the pair targets the upper boundary of the falling wedge pattern in the 0.9800/0.9600 range.  

However, this advance might not be immediate, as the exchange rate is pressured by the 200-hour SMA. Thus, it is likely, that the rate could re-test the support level formed by the monthly S1 at 0.9546.

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.