TheNewTechnicalGuy

AUD/SGD Long

Long
OANDA:AUDSGD   AUD/SGD
Daily - Strong historical support not broken, currently resting on downtrend resistance turned support. MACD divergence on lower low.

4Hour - Although quite small, double bottom with MACD divergence, price shot up and retraced to double bottom neckline, could be possible support. Also price retraced to fibs 61.8%. It's possible to draw a downtrend line on the 4H chart, but with the MACD divergences, it could mean that the downtrend is coming to an end and price may shoot up even further.
Comment:
Long @ 0.9244
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