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Pressure Returns to 21-DMA *RES...>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Pressure Returns to 21-DMA
*RES 4: Sgd1.3732 - 55-DMA 
*RES 3: Sgd1.3720 - High July 17 
*RES 2: Sgd1.3688 - High Aug 15 
*RES 1: Sgd1.3670 - Bollinger band top
*PRICE: Sgd1.3620 @ 2300GMT
*SUP 1: Sgd1.3610 - 21-DMA 
*SUP 2: Sgd1.3582 - Low Aug 14 
*SUP 3: Sgd1.3549 - Low Aug 4 
*SUP 4: Sgd1.3536 - 2017 Low July 27
*COMMENTARY: Bulls have failed to capitalise on Tuesday's rally with the
sell-off and bearish close Wednesday seeing pressure return to the 21-DMA. Bears
look for a close below the 21-DMA to hint at a move back to 2017 lows with below
Sgd1.3582 confirming. Fresh 2017 lows target the 200-WMA (Sgd1.3456). While the
21-DMA supports bulls remain focused on Sgd1.3720-32 where the 55-DMA is
situated. The Bollinger top remains a concern and limits follow through.

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