USD/SGD Trading OpportunityPublished On: 30 December 2022, 9:30 PM | Donny Lew, Senior Dealer
Taking a look at the USD/SGD , we can see that price is currently in the downtrend channel.
- In the coming days we see a possibility of it retracing back to the resistance levels with the red arrow shown
- Several possibilities can be observed from the chart above. The market could retrace back to resistance level 1.36 observed in chart or resume the original downwards trend, breaking 1.342
- As long as the resistance at 1.36 is not surpassed, the risk of the break 1.342 low remains high
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