USDSGD Still a buy but not for long.

The USDSGD pair has been trading within a Channel Up pattern (blue) since the February 02 2023 Low but on December 28 2023 it posted a Lower Low, so we have to consider the possibility of an emerging (dotted) Channel Down.

As a result, the trend remains bullish but technically we should be careful and only target the top of Channel Down at 1.37350 (symmetrical Bullish Leg at +4.49%).


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