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Free AccessSgd1.3536-62 Resistance Region....>
DOLLAR-SING TECHS: Sgd1.3536-62 Resistance Region Key
*RES 4: Sgd1.3659 - Monthly High Nov 6
*RES 3: Sgd1.3590 - Bollinger band top
*RES 2: Sgd1.3562 - 55-DMA
*RES 1: Sgd1.3536 - 200-WMA
*PRICE: Sgd1.3525 @ 2300GMT
*SUP 1: Sgd1.3498 - Low Dec 11
*SUP 2: Sgd1.3486 - Hourly support Dec 7
*SUP 3: Sgd1.3459 - Low Dec 6
*SUP 4: Sgd1.3448 - Low Dec 5
*COMMENTARY: Correcting O/S daily studies impacted in past weeks with support
emerging on dips a concern for bears. Bulls still need a close above the 200-WMA
to ease bearish pressure and above the 55-DMA now to shift initial focus to
Sgd1.3659. Key support remains at Sgd1.3486 with bears needing a close below to
ease pressure on resistance layers and below Sgd1.3399 to reconfirm focus on
2017 lows.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.