USD is the focus at the moment as we are seeing the currency come under some pressure after being so strong.
USDSGD is at the key resistance of 1.3850 and looks to be forming a double top pattern. This will only complete when price breaks and closes below the
previous structure lows around 1.3730. If the market does break and close below we can look for the neckline as a point of resistance for
further downside. Key weekly support comes in around the 1.3325 and would be targets if we see the break lower.
Be aware that NFP is tomorrow and we may see the USD suffer from volatility.
USDSGD is at the key resistance of 1.3850 and looks to be forming a double top pattern. This will only complete when price breaks and closes below the
previous structure lows around 1.3730. If the market does break and close below we can look for the neckline as a point of resistance for
further downside. Key weekly support comes in around the 1.3325 and would be targets if we see the break lower.
Be aware that NFP is tomorrow and we may see the USD suffer from volatility.