Thu, 01 Aug 2013 13:52:51 GMT
USD/SGD 1H Chart: Rising Wedge
On July 23 the pair touched a 23.60% Fibonacci Retracement and since then the pair has been moving to the north and has even formed a rising wedge. During the last several hours there were several attempts to break the support line, however, bears were not strong enough. Currently, the market sentiment is not clearly marked (52% bullish), and