Daily Outlook on Asian currency : March 5, 2013

acetraderfx

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DAILY USD/SGD OUTLOOK - 1.2455

04 Mar 2013 23:36GMT


Despite y'day's rise to a fresh 6-month high at 1.2486, subsequent retreat initial consolidation wud be seen b4 resumption of recent upmove.

Stand aside n look to buy on dips as abv 1.2486 extends to 1.2500. Below 1.2385 signals top made.

STRATEGY : Stand aside

RES : 1.2486/1.2500/1.2527

SUP : 1.2428/1.2385/1.2348
...............................................................................................


USD/IDR DAILY OUTLOOK - 9705

05 Mar 2013 02:04GMT


Despite usd's brief pullback to 9660 (Thur), subsequent rebound suggests consolidation with upside bias remains n abv 9725 wud re-test Feb's 9770 top.

Hold long with stop as indicated n only below 9660 risks weakness to 9640 b4 another recovery.

STRATEGY : Long at 9700

POSITION : Long at 9700

OBJECTIVE : 9750

STOP-LOSS : 9685

RES : 9725 / 9770 / 9800

SUP : 9660 / 9640 / 9605
 
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