Outlook for USDSGD: Bullish breakout to be seen
Hi everyone!
USDSGD has been trading sideways as investors await the FOMC meeting, with all eyes on the Fed for their latest view on inflation. On the TA front, USDSGD is currently in a triangle pattern right now and a break above the descending trend line and resistance area at 1.33100 could see a further upside to our next resistance target at 1.34000.
USDSGD has been trading sideways as investors await the FOMC meeting, with all eyes on the Fed for their latest view on inflation. On the TA front, USDSGD is currently in a triangle pattern right now and a break above the descending trend line and resistance area at 1.33100 could see a further upside to our next resistance target at 1.34000.