DAILY USD/SGD OUTLOOK - 1.2488
06 Jun 2013 06:41GMT
Despite usd’s rebound fm y’day’s 2-wk low at 1.2456 (NY), outlook remains mildly bearish for recent
decline fm May’s 1.2724 peak to extend twd 1.2418.
Hold short for 1.2438 n only abv 1.2559 confirms temp. low is in place, risk retrace. to 1.2580/90.
STRATEGY : Short at 1.2498
POSITION : Short at 1.2498
OBJECTIVE : 1.2438
STOP-LOSS : 1.2525
RES : 1.2517/1.2559/1.2705
SUP : 1.2456/1.2418/1.2371