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8 Jul 2013
USD/SGD posts fresh 1-year high above 1.28
FXstreet.com (Barcelona) - The USD/SGD foreign exchange rate is last trading at 1.2831, extending gains from last Friday's jump higher post-NFP.
USD/SGD higher despite banks selling interest
The pair is currently retracing from fresh 1-year highs at 1.2840, despite talk of local banks selling around the 1.2820 mark, said Catherine Tan at IFR Markets. The buying interest is reported to be strong, adding by now more than +5% gains year to date.
USD/SGD key technical levels
Immediate resistance to the upside for USD/SGD shows at recent session/1-year highs 1.2840, followed by late June 2012 highs at 1.2847, and March 2011 highs at 1.2870. To the downside, closest support lies at June 24 highs 1.2814, followed by June 20/26 highs at 1.2775, and May 28 highs at 1.2725.
USD/SGD higher despite banks selling interest
The pair is currently retracing from fresh 1-year highs at 1.2840, despite talk of local banks selling around the 1.2820 mark, said Catherine Tan at IFR Markets. The buying interest is reported to be strong, adding by now more than +5% gains year to date.
USD/SGD key technical levels
Immediate resistance to the upside for USD/SGD shows at recent session/1-year highs 1.2840, followed by late June 2012 highs at 1.2847, and March 2011 highs at 1.2870. To the downside, closest support lies at June 24 highs 1.2814, followed by June 20/26 highs at 1.2775, and May 28 highs at 1.2725.