FxGenesis
Long

Long AUDSGD after MAS easing policy and AUD employment data

FX_IDC:AUDSGD   AUSTRALIAN DOLLAR / SINGAPORE DOLLAR
Better than expected employment data from Australia this week boosted the AUD against most currencies. Due to the previously weak USD, AUDUSD             had already moved into a bullish sentiment zone, and this weeks data adds to that conviction. We note however a potential trade setup for AUDSGD             as the good Aussie data accompanied by the easing move by MAS allowed the pair to break above the 1.04 handle, to turn the current sentiment from  a neutral sideways market to a bullish break out. 

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