USD/SGD 4H Chart: Set to Gain
The US Dollar recently broke a massive scale descending channel pattern against the Singapore Dollar. The breaking of the massive scale pattern occurred in a channel up pattern, which is likely the first move in the revelation of a new massive pattern.
Meanwhile, the currency exchange rate has made a rebound and revealed an ascending channel pattern in the borders of the medium scale pattern. Moreover, most recently the pair made a rebound in the junior pattern.
Due to that reason it is expected that in the short term the currency exchange rate will reach the resistance of the weekly PP at the 1.3653 level.
Meanwhile, the currency exchange rate has made a rebound and revealed an ascending channel pattern in the borders of the medium scale pattern. Moreover, most recently the pair made a rebound in the junior pattern.
Due to that reason it is expected that in the short term the currency exchange rate will reach the resistance of the weekly PP at the 1.3653 level.