Back
11 Sep 2013
USD/SGD meets buyers above 1.2660
FXstreet.com (Barcelona) - The USD/SGD foreign exchange rate is last trading at 1.2680 off recent session weekly lows at 1.2657 printed on the back of US President Barack Obama addresing the nation on the Syria attack, so far delayed once again.
USD/SGD lower on real money selling
“USD/SGD cracked first supp at 1.2670 on selling from real money,” said IFRMarkets analyst Catherine Tan, adding: “Pair now eyes stronger support at 1.2630, trendline of lows on June 7, Aug 12.” The pair is down -0.42% for the week so far, mostly on the back of USD weakness.
USD/SGD key technical levels
Immediate support to the downside for USD/SGD lies at August 15 lows 1.2668, followed by recent session and weekly lows at 1.2657, and August 06 lows at 1.2654. To the upside, closest resistance shows at recent session highs 1.2690, followed by yesterday's highs/Sept 03 lows at 1.2711/14, and August 30 lows at 1.2723.
USD/SGD lower on real money selling
“USD/SGD cracked first supp at 1.2670 on selling from real money,” said IFRMarkets analyst Catherine Tan, adding: “Pair now eyes stronger support at 1.2630, trendline of lows on June 7, Aug 12.” The pair is down -0.42% for the week so far, mostly on the back of USD weakness.
USD/SGD key technical levels
Immediate support to the downside for USD/SGD lies at August 15 lows 1.2668, followed by recent session and weekly lows at 1.2657, and August 06 lows at 1.2654. To the upside, closest resistance shows at recent session highs 1.2690, followed by yesterday's highs/Sept 03 lows at 1.2711/14, and August 30 lows at 1.2723.