USD/SGD: Initial resistance to the bull dance?

Although the orientation of the 50 — and 200-SMAs on further upside potential close, was able to develop the USD/SGD last no upward momentum.

Although the stochastic is in the 4-hour chart on the Mittellnie, but this need not necessarily lead to the Liquidation of large long positions. However, the stochastics shows in the 1-hour chart, it could be soon.

The oscillator has reached more than 8 hours, the overbought zone at 70% and left this area with the recent hours of the conclusion of the course. We are of the view that it can in the short term, a downward movement.

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