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13 Aug 2013

USD/SGD finding resistance below previous support 1.2660

FXstreet.com (Barcelona) - The USD/SGD foreign exchange rate is last trading at 1.2634, off recent session/weekly highs printed at 1.2656 on the back of broad USD strength.

USD/SGD underlying sentiment still bullish

According to Catherine Tan at IFRMarkets, the “underlying sentiment” is still bullish for USD/SGD “despite improved Q2 GDP data,” Tan said. “Weak exports, Fed QE tapering exp underpin,” Tan added. “Models and funds touted buyers on dips still.”

USD/SGD key technical levels

Immediate support to the downside for USD/SGD lies at Friday's highs 1.2623, followed by Thursday's lows at 1.2587, while to the upside, closest resistance lies at recent session highs/August 06 lows 1.2656, followed by Thursday's highs at 1.2683.
Aug 13, 2013

EUR/USD continues to lose footing after failure at resistance last week

The EUR/USD opened Tuesday’s session on the downside once again after two straight losing sessions following a failure to breakout above 1.3414 resistance last week.
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Aug 13, 2013

Australia July National Australia Bank's Business Confidence down to -3 vs 0

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