11 Jul 2014
USD/SGD bouncing off new year lows
FXStreet (Bali) - USD/SGD is trading at 1.2419, up 0.04% on the day, having posted a daily high at 1.2427 and low at 1.2408, with yesterday's price action printing a new low for the year at 1.2397.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 60.98, up from the last hourly print at 50.97, with ADX at 32.33, up from its previous close at 14.94. Daily RSI sits at 32.69, in neutral territory.
With spot trading at 1.2419, we can see next resistance ahead at 1.2420 (Daily Classic PP), 1.2420 (Weekly Classic S2), 1.2427 (Daily High),1.2434 (Daily Classic R1) and 1.2435 (Yesterday's High).Support below can be found at 1.2419 (Hourly 20 EMA), 1.2416 (Daily Open), 1.2416 (Monthly Low), 1.2416 (Weekly Low) and 1.2416 (YTD Low).
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 60.98, up from the last hourly print at 50.97, with ADX at 32.33, up from its previous close at 14.94. Daily RSI sits at 32.69, in neutral territory.
With spot trading at 1.2419, we can see next resistance ahead at 1.2420 (Daily Classic PP), 1.2420 (Weekly Classic S2), 1.2427 (Daily High),1.2434 (Daily Classic R1) and 1.2435 (Yesterday's High).Support below can be found at 1.2419 (Hourly 20 EMA), 1.2416 (Daily Open), 1.2416 (Monthly Low), 1.2416 (Weekly Low) and 1.2416 (YTD Low).