What this means is that the A$ and S$ pair is reaching parity. A$1 = S$1. Parents who are sending their children to Australia to study may be happy as the exchange rate is in their favour. The lower it goes, the lesser S$ is needed to change for A$ , so they can remit more A$ with lesser S$ to their children who are studying in Australia, a popular country for education amongst the Asians.
In some charts like this one, it rebound exactly, in other charts, it might pierce through 100-300 pips lower before it rebound. Thus, to put a pre-buy or pre-sell order, one might get frustrated for missing out the opportunities.
Congrats to those who are still holding. More to come