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55-DMA Capping *RES 4:............>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: 55-DMA Capping
*RES 4: Sgd1.3366 - Daily Bear channel top (off 2017 high) 
*RES 3: Sgd1.3339 - High Feb 9 
*RES 2: Sgd1.3268 - Daily Bear channel top (off Oct high) 
*RES 1: Sgd1.3266 - 55-DMA
*PRICE: Sgd1.3252 @ 2300GMT
*SUP 1: Sgd1.3218 - Hourly support Feb 27 
*SUP 2: Sgd1.3184 - Hourly resistance Feb 26 now support 
*SUP 3: Sgd1.3146 - Low Feb 27 
*SUP 4: Sgd1.3052 - Low Feb 16
*COMMENTARY: Bears failed to capitalise on the close below the 21-DMA
(Sgd1.3195) with the recovery from Tuesday's low seeing pressure back on the
Sgd1.3266-68 region where the 55-DMA and a bear channel top are located. Bulls
need a close above the channel top to shift initial focus to layers of
resistance Sgd1.3339-1.3434. The Sgd1.3146 support is now key with bears needing
a close below to confirm focus on Sgd1.3013-52.

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