US Dollar Outlook, Prices Stalling? USD/SGD, USD/THB, USD/PHP, USD/IDR
2021-07-30 05:00:00
Daniel Dubrovsky,
Strategist
US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Analysis
The US Dollar losing momentum against ASEAN currencies, new top?
Singapore Dollar Technical Outlook
The Singapore Dollar is attempting to regain lost ground against the US Dollar, but the broader USD/SGD outlook still remains tilted to the upside. There may be room for losses in the near term after the pair confirmed a breakout under rising support from June. Now, prices are retesting the 1.3530 – 1.3495 inflection zone. A bullish ‘Golden Cross’ between the 50- and 200-day Simple Moving Averages (SMAs) underpins a bullish bias in the medium-term. These lines may reinstate the focus higher should prices turn materially lower.
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