The hourly 50-period SMA broke through the slower 200-period SMA, adding credence to the recent bullish USD/SGD profile.
If USD/SGD spot falls closer to the level where the moving averages crossed, then buyers might see it as an opportunity to reenter. Furthermore, a convincing break through the 50 SMA signals a neutral tone, shifting negative below the 200 SMA.
|101.82599894205 ||101.91499837239 ||102.00699869791 ||102.18799845377 ||102.27699788411 ||102.36899820963 |
|Trend Index||OB/OS Index|
| Bearish || Neutral |