The USD/SGD pair revisits the 1.3313/07 June 2016 and 2018 lows as the current December low was made at 1.3308. Below this area lies the January-to-March 2018 lows at 1.3053/09, per Commerzbank. Key quotes “USD/SGD’s descent has taken it to its current December low at 1.3308, to the June 2016, September 2017 and June 2018 lows and February 2018 high at 1.3346/07. Failure at 1.3307 on a daily chart closing basis would lead to the January-to-March 2018 lows at 1.3053/09 being next in line.” “Minor resistance sits at the 1.3420 current December high. Good resistance above the next higher 1.3513 November 11 high can be spotted between the early September low, 55-day moving average and the October low at 1.3526/59.” “Overall, downside pressure should be maintained while the cross remains below the November high at 1.3714.” 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 Cardano Price Analysis: ADA could slide to $0.14 before a major upswing FX Street 2 years The USD/SGD pair revisits the 1.3313/07 June 2016 and 2018 lows as the current December low was made at 1.3308. Below this area lies the January-to-March 2018 lows at 1.3053/09, per Commerzbank. Key quotes “USD/SGD’s descent has taken it to its current December low at 1.3308, to the June 2016, September 2017 and June 2018 lows and February 2018 high at 1.3346/07. Failure at 1.3307 on a daily chart closing basis would lead to the January-to-March 2018 lows at 1.3053/09 being next in line.” “Minor resistance sits at the 1.3420 current December high. Good resistance above the next higher 1.3513… 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.
