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Bear Channel Top Capping *RES.....>

DOLLAR-SING TECHS: Bear Channel Top Capping
*RES 4: Sgd1.3688 - Monthly High Aug 15 
*RES 3: Sgd1.3682 - 100-DMA 
*RES 2: Sgd1.3659 - Daily Bear channel top 
*RES 1: Sgd1.3643 - Hourly support Oct 3 now resistance
*PRICE: Sgd1.3615 @ 2200GMT
*SUP 1: Sgd1.3566 - 55-DMA 
*SUP 2: Sgd1.3538 - High Sept 14 now support 
*SUP 3: Sgd1.3504 - 21-DMA 
*SUP 4: Sgd1.3430 - Low Sept 22
*COMMENTARY: The 55-DMA supported to start the new week with the bounce Tuesday
resulting in a test of the daily bear channel top. Bulls continue to look for a
close above Sgd1.3720 to confirm a break of the 100-DMA and bear channel top
with immediate focus shifting to Sgd1.3787. Bears still need a close below
Sgd1.3538 to confirm a false break of the 55-DMA (Sgd1.3566) and below the
21-DMA to return focus to tests of 2017 lows.

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