Ready to head up higher?
See previous analysis:
See previous analysis:
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Looking at the PRISM and FUSIONGAPS oscillators:
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Full Chart and TrendLines:
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The last two candle bars held UNDER the upper blue trend line, instead of above -- indicating that the price is being rejected and the upper blue trend line is still continuing to act as a resistance trendline.
AUD is more likely to fall back lower, especially if the next candle further confirms this.
AUD is more likely to fall back lower, especially if the next candle further confirms this.
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Price tested above the upper blue trendline but fails to find support and drops below, and getting rejected by it over the last 3 6hrly candles -> A very bearish sign.
Latest prediction is for AUD to come down to the 61.8 % level at 0.933 SGD.
Latest prediction is for AUD to come down to the 61.8 % level at 0.933 SGD.
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Price evolution indicates uncertainty in the market at this resistance level atm.
Switching to a "wait and see" stance:
Switching to a "wait and see" stance:
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Looking at the higher (6hr) timeframe.
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Bullish perspective:
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AUDSGD unable to pierce above the resistance.
Probably ready to head back down to the bottom blue support line at around 0.9 SGD.
Probably ready to head back down to the bottom blue support line at around 0.9 SGD.