AUD/SGD 4H Chart: Channel Up

There is one support line left to cross, before the AUD/SGD pair  reaches the bullish pattern's lower edge at 1.0155. This demand is represented by the 55-period SMA at 1.0167. The future outlook is largely undecided for the time being. 4H indicators are favouring the Aussie's sell-off in the nearest future. They are backed by market sentiment, which is long in 75% of all the cases, meaning the Australian Dollar is overbought. On the other hand, daily studies see another up-leg emerging in the next 24 hours of trading. In case a drop below 1.0155 takes place, we will project a down-led towards 1.0080 during next week. Contrary, a spike above 1.0182 will pave the way in the direction of recent highs at 1.0263.