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26 Jun 2013
Flash: USD/SGD has potential for 1.30 round number - ANZ
FXstreet.com (Barcelona) - USD/SGD is rising from a basing pattern, with the latest push above 1.2700 encouraging to allow further measured moves towards 1.2865 if not the 1.3000-40 area, says Tim Riddell, Head of Market Research at ANZ.
According to the Strategist at ANZ, "Dips are frustrating, but as long as 1.2600 is not broken the potential of more pronounced gains should gain hold." Riddell further comments refer to stops placement, saying should now be raised to the 1.2540 area.
According to the Strategist at ANZ, "Dips are frustrating, but as long as 1.2600 is not broken the potential of more pronounced gains should gain hold." Riddell further comments refer to stops placement, saying should now be raised to the 1.2540 area.