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9 Sep 2013
USD/SGD still supported above 1.2750
FXstreet.com (Barcelona) - The USD/SGD foreign exchange rate is last trading at 1.2753 marginally higher from previous weekly close Friday post-US NFP, off recent session highs at 1.2761.
USD/SGD range trading likely
“Jon Hilsenrath warns 'Septaper' isn't a done deal but market believes otherwise,” said IFRMarkets analyst Peter Whitley, adding: “US Dollar as a consequence mixed but traders seemingly oblivious to risks.” According to Whitley the pair will be “confined” to a tight range trading Monday. USD/SGD keeps capped below 200 week SMA last around key resistance 1.2850.
USD/SGD key technical levels
Immediate support to the downside for USD/SGD lies at Friday's lows 1.2716, followed by Sept 03 lows at 1.2713, and August 19 lows at 1.2685. To the upside, closest resistance shows at recent session highs 1.2760, followed by August 02 highs at 1.2773, and Sept 04 highs at 1.2793.
USD/SGD range trading likely
“Jon Hilsenrath warns 'Septaper' isn't a done deal but market believes otherwise,” said IFRMarkets analyst Peter Whitley, adding: “US Dollar as a consequence mixed but traders seemingly oblivious to risks.” According to Whitley the pair will be “confined” to a tight range trading Monday. USD/SGD keeps capped below 200 week SMA last around key resistance 1.2850.
USD/SGD key technical levels
Immediate support to the downside for USD/SGD lies at Friday's lows 1.2716, followed by Sept 03 lows at 1.2713, and August 19 lows at 1.2685. To the upside, closest resistance shows at recent session highs 1.2760, followed by August 02 highs at 1.2773, and Sept 04 highs at 1.2793.