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FX.co ★ Technical analysis of USD/SGD for February 17, 2014

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Forex Analysis

2014-02-17T04:08:46
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Technical analysis of USD/SGD for February 17, 2014

After a tremendous move from the October 2013 lows, the pair USD/SGD is experiencing a healthy correction. Now the pair is near its 50.0 fib level. We expect it may hold and pull back soon towards 1.2650. In the daily and hourly charts RSI supports this view.

Support- 1.2555, 1.2536.

Resistance- 1.2624, 1.2652.

Technical analysis of USD/SGD for February 17, 2014Technical analysis of USD/SGD for February 17, 2014
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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