AUD/SGD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
AUD/SGD maintained the directional risk on its upside, but changed the slope of the motion by entering a channel up pattern of lesser steepness. The pair is currently launching an attack on the upper trend-line of the pattern, but is likely to spill some flatness into the motion as 1.0723 and 1.0727 steals some momentum on the way. Tests of the upper Bollinger Band of 1.0706 are likely to be successful, and give access to levels above immediately. Any stickiness of the upper boundary would however, bring some doubt over the strength of the channel pattern.
© Dukascopy Bank SA
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