The most active trading sessions for the USD/SGD currency pair.
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The USD/SGD has traversed higher in the past handful of days, but its upwards price action has not been violent.
I continue to pay close attention to the 1.34 SGD level.
I see that the US dollar has rallied again during the trading session on Tuesday against the Singapore dollar as we continue to recover.
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The USD/SGD has produced a solid bearish trend.
It’s becoming increasingly obvious to me that the 1.34 level is an area that’s going to be very important when it comes to the Singapore dollar.
In my daily analysis of the US dollar against the Singapore dollar, I can see that we continue to dance around the crucial 200 day EMA.
Economic data from the U.S in the past week continued to come in weaker than expected.
I can see that the USD/SGD pair is simply consolidating in a 50 point range.
The price range of the USD/SGD trading pair has been rather strong the past week.
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The USD/SGD is near the 1.35255 mark as of this writing.
This pair isn’t typically very volatile, so it might have been a nice place to hang out.
The US dollar has rallied rather significantly against the Singapore dollar during the trading session on Thursday, as we have used the 50-Day EMA as a bit of a springboard.
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The USD/SGD is trading near the 1.35320 ratio as of this writing with typical fast trading taking place.