The USDSGD pair is approaching a notable resistance zone around the 1.37160 level, an area that has historically acted as a supply zone, leading to price reversals. The current price action shows signs of hesitation as it tests this zone, which could indicate potential weakness.
If sellers regain control, the pair could reverse downward, with the 1.35041 level being a likely target for the next support zone.
If sellers regain control, the pair could reverse downward, with the 1.35041 level being a likely target for the next support zone.
Trade active
Note
It can happen, I will keep an eye on it these days.Trade closed: target reached
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👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
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👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.