Mon, 17 Mar 2014 09:36:31 GMT
USD/SGD 1D Chart: Triangle
Following a protracted November-January rally, the trading range of USD/SGD started to narrow. As a result, the currency pair formed a symmetrical triangle with the downtrend resistance at 1.2684 and the up-trend support at 1.2614.However, given that the price has already reached the apex of the pattern, there is a high probability of a break-out in the nearest future. Considering