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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.

DateApril 11, 2020 - 19:43
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.79600, beginning of uptrend is expected.
  • We make sure when the resistance at 0.90950 breaks.
  • If the support at 0.79600 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.8575 on 04/03/2020, so more gains to resistance(s) 0.8965 and maximum to Major Resistance (0.9095) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 59.

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.