USD/SGD: Slight risk to the upside – OCBC
Source Fxstreet
USD/SGD inched higher, tracking moves in broad US Dollar (USD). Pair was last at 1.3380 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Consolidation is likely
“Daily momentum is mild bullish while RSI rose. Consolidation likely with slight risk to the upside. Resistance here at 1.3410 levels (76.4% fibo). Support at 1.3340 (200 DMA), 1.3290 (61.8% fibo retracement of Jun high to Oct low).”
“S$NEER was last at 1.38% above model-implied mid.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative.
One of the most widely watched meme token traders, sbfonchain.sol, is back to buying.
Where Will SoundHound AI Stock Be in 1 Year?SoundHound AI (NASDAQ: SOUN) emerged as one of the hottest technology sector growth stocks on Wall Street. At the time of this writing, shares have skyrocketed an astonishing 870% year to date, powered by mounting market enthusiasm for the company's innovative artificial intelligence (AI) solutions that may just be at the beginning of transformative long-term growth.
SoundHound AI (NASDAQ: SOUN) emerged as one of the hottest technology sector growth stocks on Wall Street. At the time of this writing, shares have skyrocketed an astonishing 870% year to date, powered by mounting market enthusiasm for the company's innovative artificial intelligence (AI) solutions that may just be at the beginning of transformative long-term growth.
While widespread liquidations would be expected from the recent DOGE price crash, Dogecoin whales have embraced the downturn as a prime opportunity.
XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support.
Related Instrument
