USDSGD Buy signal at the bottom of a Channel Down.

Aug 1

The USDSGD pair has been trading within a Channel Down pattern since the April 16 2024 High and today almost touched its bottom (Lower Lows trend-line). That is a technical short-term buy opportunity towards its top (Lower Highs trend-line).

The previous Bullish Leg of the pattern registered a +1.31% rise. Our Target is slightly lower than a new potential rise of this magnitude at 1.35000.

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