Strong bearish wave (A) occured ended at level 1.3443
then price is pullback for retesting strong supply zone at level 1.3514
Price is rejected from 61.8% fibonacci level from bearish wave (A)
Pair broke corrective uptrendline after forming corrective bullish wave (B)
Now USDSGD is below Moving Average 100
MACD shows bearish momentum
We r waiting for breaking the support level @ 1.3490 for short trade
It's expected for coming bearish wave (C) targeting level 1.3397
then price is pullback for retesting strong supply zone at level 1.3514
Price is rejected from 61.8% fibonacci level from bearish wave (A)
Pair broke corrective uptrendline after forming corrective bullish wave (B)
Now USDSGD is below Moving Average 100
MACD shows bearish momentum
We r waiting for breaking the support level @ 1.3490 for short trade
It's expected for coming bearish wave (C) targeting level 1.3397