USD/SGD: Technical Analysis and Banks' Insights
Thursday, 12 September 2024, 03:53
Technical Analysis Overview
USD/SGD has shown *strength* this morning, fueled by the *bounce* in the USD following the *US CPI* results. With real hourly earnings exceeding expectations, the focus shifts to whether the 21-DMA resistance will hold.
Bank Insights and Predictions
Leading banks are examining the implications of this *bounce*, providing *technical analysis* that highlights potential future movements.
Market Reactions
- Post-CPI reactions from the USD.
- Bank forecasts based on *technical* indicators.
- Potential consolidation patterns in USD/SGD.
Conclusion on Future Movements
As market experts analyze the trends, attention is drawn to the *resistance levels* and the implications on trading strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.