Charting USDSGD
Posted by trywalker / 8:35 a.m. @ Hong KongFeb 17
1.4036 is the low in USDSGD so far this morning after the stops taken out below 1.4055 overnight. 1.4030-1.4040 shud bring support for today with topside capping at 1.4115.. A break of the support here at 1.4030 ( daily bearish channel bottom) increases a further squeeze chance of 1.3995 while 55 days SMAVG merges in at 1.4018.
I think it is a good buy here between 1.4030-1.4040 with a tight SL at 1.4013, targeting 1.4115.
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