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Weekly forecast Australian Dollar / Singapore Dollar technical chart
Symbol AUDSGD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 14, 2020 - 21:26
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.89650 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.95405 on 2019-01-04 and the trough at 0.89675 on 2020-02-28, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
  • A peak is formed in daily chart at 0.9225 on 03/09/2020, so more losses to support(s) 0.8655 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 19.

Supports and Resistances:

  1. 1.0225
  2. 1.0060
  3. 0.9805
  4. 0.9715
  5. 0.9595
  6. 0.9445
  7. 0.9345
Click on the level to view price action history.