USDSGD continues its fall in the bearish trend channel. The recent up correction which started from the minus 2 standard deviation of the 200-day moving average has been weak so far as we expected in our early analysis. But the correction may not be over yet. For over two years USDSGD turned from minus 2 standard deviation 2 times before the last and the price surged %2.82 and %4.75. The recent top was only %1.68, well below the other times. A possible short-term upward move from 50-day MA to infamous 1.3450 resistance is a possibility. But still, the medium-term technicals and fundamentals still point south.
