AUD/SGD 1H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
During past two days, AUD/SGD has been increasing in value, even though we have observed some weakness of the cross earlier in the morning on Friday. At the moment, Aussie is hovering around lower boundary of the bullish pattern, and there are mixed signals, whether the currency will manage to rebound both in short and long-term. One-hour and daily technical indicators are giving strong bearish signals, assuming that the pair should breach the boundary and head towards 1.0350. However, 4H studies are bullish, and they are also supported by 74% of SWFX traders. Therefore, in case 55-hour SMA provides enough support for bulls, there will be a good probability of a rise in the near-term.
© Dukascopy Bank SA
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Fri, 17 Apr 2015 13:19:04 GMT

EUR/AUD 4H Chart: Channel Down

Starting from the last week of January, the single currency has been under-performing the Australian Dollar. In addition to that, the pair has bounced back to the south in the beginning of the previous week, and the pace of Euro's decline has only strengthened. The pair is currently testing the monthly S1 at 1.3746, and it is likely to succeed

Fri, 17 Apr 2015 06:52:03 GMT

EUR/SGD 1H Chart: Channel Up

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