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Aud/Sgd to me - has a beautiful technical setup,
all seems clear and price action is at work and speaks for itself
The weekly bearish channel the pair is in shows a strong bounce from the upper border
Price has broken through and retested the 61.8% fibonacci expansion level of the last weekly move down
The fast move down is supported by a bearish RSI, which should lead price further down to the lower border of the channel
Aud/Sgd weekly chart
On the daily chart we see that the 61.8% fibonacci ex…
all seems clear and price action is at work and speaks for itself
The weekly bearish channel the pair is in shows a strong bounce from the upper border
Price has broken through and retested the 61.8% fibonacci expansion level of the last weekly move down
The fast move down is supported by a bearish RSI, which should lead price further down to the lower border of the channel
Aud/Sgd weekly chart
On the daily chart we see that the 61.8% fibonacci ex…