USD/SGD accomplishes and closes below key SMA

There is a downside risk in USD/SGD implied by a rate cross below the 200-period SMA on a 4hr resolution.

Having traded above the key moving average for over 15 trading days at least, the signal should open the gates for move towards the 800-SMA.

USD/SGD accomplishes and closes below key SMA

(Market News Provided by FXstreet)

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