Fri, 24 Oct 2014 08:00:51 GMT
USD/SGD 4H Chart: Descending Triangle
Although USD/SGD took a major hit after approaching the resistance at 1.2830 (Jan high), the support at 1.2680 was able to prevent a deeper decline. As a result, the pair formed a descending triangle and subsequently has broken it to the upside.Right now we expect USD/SGD to come back to the down-trend at 1.2740 and then resume the rally. However,