[B]DAILY USD/SGD OUTLOOK - 1.2375[/B]
[B] 01 Mar 2013[/B] [B][I]02:46GMT[/I][/B]
Despite y’day’s retreat to 1.2348, subsequent rebound suggests pullback fm 1.2428 has ended there n abv 1.2406 wud yield re-test of said res.
Trade fm long side for this move n only below 1.2342 wud risk further weakness twd 1.2331.
[B]STRATEGY[/B] : Long at 1.2370
[B]POSITION[/B] : Long at 1.2370
[B]OBJECTIVE[/B] : 1.2440
[B]STOP-LOSS[/B] : 1.2340
[B]RES[/B] : 1.2406/1.2428/1.2454
[B]SUP[/B] : 1.2348/1.2342/1.2331
…………………………………………………………
[B]USD/IDR DAILY OUTLOOK - 9670[/B]
[B]01 Mar 2013[/B] [B][I]01:41GMT[/I][/B]
Usd’s retreat fm last week’s high at 9710 suggests recovery fm Feb’s 9605 low has ended there n weakness to 9640 is seen b4 another rise later.
Stand aside n look to buy on dips as abv 9710 wud yield re-test of this month’s 9770 peak.
[B]STRATEGY[/B] : Stand aside
[B]RES[/B] : 9710 / 9725 / 9770
[B]SUP[/B] : 9640 / 9605 / 9590