- USD/SGD regains momentum into European open, boosted by lower EUR, AUD
- China stocks fall further, -2.77% and STI -1.14% further weigh on SGD
- USD/SGD bounces back from 4hrly cloud base at 1.3955 and is currently trading at 1.4046
- There is scope for test of 4.4080 (Aug 19th highs), RSI and Stochs biased higher, weakness only below 1.4005
Good to buy dips around 1.4040, SL: 1.4000, TP: 1.4080
The material has been provided by InstaForex Company – www.instaforex.com