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Weekly forecast Australian Dollar / Singapore Dollar technical chart
Symbol AUDSGD

Trading suggestion:

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

DateMay 29, 2022 - 06:32
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.94369, resumption of uptrend is expected.
  • We make sure when the resistance at 1.03135 breaks.
  • If the support at 0.94369 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.95350 on 05/12/2022, so more gains to resistance(s) 0.99724, 1.01573 and maximum to Major Resistance (1.03135) 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 50.

Supports and Resistances:

  1. 1.05212
  2. 1.03721
  3. 1.03135
  4. 0.99724
Click on the level to view price action history.