USD/SGD breaks support @ 1.26528
All week we have been noting support for the pair at 1.26528, but following Bernanke’s testimony towards the end of New York trading the USD took a hit causing the USD/SGD to break support at this level after finding resistance at the 100 hour moving average.
From a daily perspective, the 1.2572 level currently being trading has shown the pair support towards the end of the summer. The next bearish target is the 200 day moving average coming in at 1.2532










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