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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.

DateJune 12, 2022 - 11:43
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:

  • The RSI resistance #1 at 53 is broken, so the probability of resumption of uptrend is increased.
  • A peak is formed in daily chart at 0.99640 on 06/07/2022, so more losses to support(s) 0.97826, 0.97255, 0.95350 and minimum to Major Support (0.94369) 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 47.

Supports and Resistances:

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