Fri, 06 Dec 2013 07:17:20 GMT
USD/SGD 4H Chart: Channel Up
The U.S. Dollar has been appreciating against its Singapore's peer since October 23 when the pair reached a five-month low and started to form a channel up pattern. At the moment of writing, the currency couple was vacillating below its 50-hour SMA, albeit slightly. Market players believe the pair is capable to surpass its 50-hour SMA, below which it dived