USDSGD: Pullback Expected from Resistance Zone
The USDSGD pair is approaching a strong resistance zone around 1.37500, which aligns with a previous supply area where price has faced significant rejection in the past. This level marks a potential turning point, with price showing signs of exhaustion as it tests this key zone.
We could see sellers take control if the pair rejects this resistance. A downward move could see the price targeting the area around 1.35152.
If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
We could see sellers take control if the pair rejects this resistance. A downward move could see the price targeting the area around 1.35152.
If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
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