It seems that more of you are now trading the regional Asian currencies so I’ll try and keep you up to date as well. USD/SGD is mirroring the range-trading mode that we see in EUR/USD. The range in the ‘Sing’ is broadly 1.24/1.27 and this could go on for some time to come. The daily MAs are exhibiting some bearish tendencies so a test of the range base may well be in store over next few sessions.
