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Weekly forecast New Zealand Dollar / Singapore Dollar technical chart
Symbol NZDSGD

Trading suggestion:

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

DateDecember 4, 2021 - 21:36
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.93540 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 0.9567 on 11/18/2021, so more losses to support(s) 0.9175, 0.9070, 0.8980 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 30.