AUD / SGD is trading in an Uptrend Channel. Expect AUD/SGD to retrace back to about 1.06 (up trend channel support) before continue to move towards the next support turned resistance at about 1.11.
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AUD / SGD has started an up trend after finding a bottom at 0.98282. There are a lot of rooms for AUD to move up against SGD.
The AUD/SGD trend reversal may be telling something:
source: tradingeconomics.com
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AUD / SGD looks like Rebounded at the Rising Wedge’s Support at about $1.00. This is also a round number psychological support. Base on chart pattern, AUD / SGD is expected to move up to $1.04 (Rising Wedge Resistance)
Original post from https://mystocksinvesting.com