Weekly Outlook on Asian currency: USD/SGD - April 16, 2013

[acetraderfx]

WEEKLY USD/SGD OUTLOOK - 1.2372

15 Apr 2013 04:00GMT

Usd's fall fm 1.2529 (Mar) to 1.2351 today suggests said move to retrace MT rise fm 2012 1-year trough at 1.2152 wud extend to 1.2320 later in Apr.

Look to sell again on further recovery twd 1.24 28 n only abv 1.2461 signals pullback over, 1.2500.

STRATEGY : Sell at 1.2420

OBJECTIVE : 1.2320

STOP-LOSS : 1.2470

RES : 1.2428/1.2454/1.2529

SUP : 1.2342/1.2298/1.2223