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USD/SGD Finding Some Support

Published 02/14/2012, 01:49 AM
Updated 02/13/2020, 10:25 AM
EUR/USD
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USD/SGD
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USD/HKD
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GUID
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The USDSGD pair had found some support above the October lows and could fill in the gap back toward the 100day/61.8% levels and possibly retest resistance around the 1.30 handle if the risk-on allocation that has begun 2012 slows.

<span class=USD/SGD" title="USD/SGD" width="597" height="293">

USD/HKD continue to stay above this downward wedge.

<span class=USD/HKD H1" title="USD/HKD H1" width="550" height="455">

USD/HKD continue to stay above this downward wedge and now showing that the top of the wedge is the new support for this pair.

oil/usd failed to test the recent highs.

OIL/USD H4

Oil/usd failed to test the recent Feb highs and then started to trade lower giving a bearish signal that there isn’t enough momentum to make a new high. Oil/Usd might start looking to test the down side after this recent rally.

USD/SGD finally pulls off support.

<span class=USD/SGD" title="USD/SGD" width="555" height="457">

USD/SGD finally pulls off support of the recently off the Oct-2011 lows after testing it again for a second time in Feb-2012. This Support give a bullish signal and might start testing the highs.

EURUSD Hit Trendline/23.6% From Lows

<span class=EUR/USD H4" title="EUR/USD H4" width="588" height="386">

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