InvestingScope

USDSGD: Target hit. New High on sight. Long.

Long
OANDA:USDSGD   U.S. Dollar / Singapore Dollar
TP = 1.38500 hit as the 1W Channel Up (RSI = 59.506, MACD = 0.009, B/BP = 0.0042) marginally crossed the monthly 1.3858 Resistance before pulling back for a new Higher Low (Highs/Lows = 0.0000). Since the Higher Low delivered a rebound, we can expect the Channel Down to extend to a new Higher High at or above 1.39000. USDSGD is a solid buy opportunity. We are long, TP = 1.39000.

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