AUDSGD has staged an incredible recovery since March, and is now facing strong resistance at the psychological 1.00 mark. If you were long since the late 0.80s or early 0.90s as I am, now might be a great spot to take profits.
From the looks of it, it might possibly consolidate over the next few months (which it does seem like it is forming a cup and handle pattern), or break out and upwards to face the next major barrier at 1.10. Either way, things are looking bullish for AUDSGD long term.
From the looks of it, it might possibly consolidate over the next few months (which it does seem like it is forming a cup and handle pattern), or break out and upwards to face the next major barrier at 1.10. Either way, things are looking bullish for AUDSGD long term.