Tue, 14 Oct 2014 07:49:39 GMT
AUD/SGD 4H Chart: Broadening Falling Wedge
After reaching the strongest level since July on 5th of September, the AUD/SGD cross started sliding in value. Moreover, the pair's decline led to a formation of broadening falling wedge pattern.
Currently, the pair is appreciating towards the upper boundary of the pattern, after bouncing off the psychological level at 1.10. Additionally, this level has not been touched since May