USD/SGD: Pullback should find support – OCBC
|USD/SGD traded a touch softer this morning, easing slightly away from its near-2024 high. Pair was last at 1.36 levels, OCBC’s FX analysts Christopher Wong notes.
Signs of pullback move lower in the near term
“Daily momentum is mild bullish while RSI shows signs of turning lower from overbought conditions. Technically, there is still signs of pullback move lower in the near term, but dips may still find support.”
“Support at 1.3510, 1.3470 (21 DMA). Resistance at 1.3620, 1.3670 levels S$NEER was last at 0.93% above model-implied mid.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.