AUD/SGD down under for 2019-2020
Updated
Just my idea. Moving to Sydney from Singapore on Dec 24, 2018. :)
May have another test at 1.02 in the beginning of 2019, after which it may go down under, first at 0.9 T1, 0.85 T2 worst case, if there is no breakout above 1.02.
If there is a breakout at 1.02, target for the AUD is back to 1.3
Cup and handle clearly visible from the SGD/AUD chart spanning from the 2008 crisis and formed a handle from the 2016 Chinese market crisis. Singapore may be better off prepared from an anticipated global financial crisis this time around 2019-2020, as compared to Australia.
Advance Merry Xmas and a Prosperous New Year!
May have another test at 1.02 in the beginning of 2019, after which it may go down under, first at 0.9 T1, 0.85 T2 worst case, if there is no breakout above 1.02.
If there is a breakout at 1.02, target for the AUD is back to 1.3
Cup and handle clearly visible from the SGD/AUD chart spanning from the 2008 crisis and formed a handle from the 2016 Chinese market crisis. Singapore may be better off prepared from an anticipated global financial crisis this time around 2019-2020, as compared to Australia.
Advance Merry Xmas and a Prosperous New Year!
Trade closed: target reached
Target reached at 0.85
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