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AUD/SGD

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AUDSGD trade ideas

AUD/SGD Long Daily - Strong historical support not broken, currently resting on downtrend resistance turned support. MACD divergence on lower low. 4Hour - Although quite small, double bottom with MACD divergence, price shot up and retraced to double bottom neckline, could be possible support. Also price retraced to fibs 61.8%. It's possible to draw a downtrend line on the 4H chart, but with the MACD divergences, it could mean that the downtrend is coming to an end and price may shoot up even further.
Long
by TheNewTechnicalGuy
Higher high and low for AUDSGDJust a casual update on an earlier analysis posted: Presently biased towards bullish. AUD appears to have find support above the blue line -- previously acting resistance of the steeper downward channel since Dec 2018. The pink lines forms the gentler downward channel started since 2017, expected to act as resistance levels for AUD ahead against SGD. Expect AUD to be rejected at around 0.95-0.97 SGD to retest the support. If AUD is able to pierce above 0.97 SGD and finds support, a follow-up pump is expected perhaps to ~0.99 SGD at the 38.2% Fib level. If AUD is not able to find support at ~0.93 SGD, then expect a continuation of the descending channel (defined by the two blue lines), and expect price to go down and revisit 0.9 SGD.
Long
by cybernetwork