Technical analysis of USD/SGD for February 17, 2014
February 17, 2014 5:20 am
After a tremendous move from the October 2013 lows, the pair USD/SGD is experiencing a healthy correction. Now the pair is near its 50.0 fib level. We expect it may hold and pull back soon towards 1.2650. In the daily and hourly charts RSI supports this view.
Support- 1.2555, 1.2536.
Resistance- 1.2624, 1.2652.
The material has been provided by InstaForex Company – www.instaforex.com
After a tremendous move from the October 2013 lows, the pair
USD/SGD is experiencing a healthy correction. Now the pair is near its 50.0 fib level. We expect it may hold and pull
back soon towards 1.2650. In the daily and hourly charts RSI
supports this view.
Support- 1.2555,
1.2536.
Resistance- 1.2624, 1.2652.
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