After a tremendous move from the October 2013 lows, the pair USD/SGD is experiencing a healthy correction. Now the pair is near its 50.0 fib level. We expect it may hold and pull back soon towards 1.2650. In the daily and hourly charts RSI supports this view.
Support- 1.2555, 1.2536.
Resistance- 1.2624, 1.2652.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on market trends you may visit via Technical analysis of USD/SGD for February 17, 2014 . Thanks for your support on Technical analysis of USD/SGD for February 17, 2014
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