According to Axel Rudolph, senior analyst at Commerzbank, the outlook for USD/SGD pair remains bearish and they are still looking for a retest of the early December 2017 and January 2019 lows at 1.3443/20 and the January 10 2018 high at 1.3370. Key Quotes “The September 2017 low at 1.3346 as well as the June 2016 and 2018 lows at 1.3313/07 also all continue to be in the frame for the weeks and months ahead.” “Minor resistance comes in at the 1.3554 February 22 high and more significant resistance at the 1.3606/17 August and September lows as well as the January and current February highs.” “Above the latter zone further resistance remains to be seen between the 200 day moving average and the early January high at 1.3645/80. While this area caps, we will retain our bearish medium-term forecast. Still further resistance sits at the 1.3775 December high.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI regains $ 56 on Saudi comments, focus on EIA data FX Street 4 years According to Axel Rudolph, senior analyst at Commerzbank, the outlook for USD/SGD pair remains bearish and they are still looking for a retest of the early December 2017 and January 2019 lows at 1.3443/20 and the January 10 2018 high at 1.3370. Key Quotes "The September 2017 low at 1.3346 as well as the June 2016 and 2018 lows at 1.3313/07 also all continue to be in the frame for the weeks and months ahead." "Minor resistance comes in at the 1.3554 February 22 high and more significant resistance at the 1.3606/17 August and September lows as well as the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
