Emerging Markets Cross-Asset Strategist, Emvest Partners

Guillaume Coutant

Emerging Markets Cross-Asset Strategist

Technical Analysis

<a href="https://www.smartkarma.com/entities/22827" target="_blank" data-smartkarma-citation="entities:22827:1">SGD (USDSGD CURNCY)</a> past months rally, that can be compared to MXN rally, is currently fading.Indicators are still calling for a push down below the 1.3670/1.3730 area towards the key support area 1,3500/1,3400.Once the market manages its push down, a strong counter reaction will be expected, in line with a global higher <a href="https://www.smartkarma.com/entities/22821" target="_blank" data-smartkarma-citation="entities:22821:1">USD (USD CURNCY)</a> outlook and also higher $US yields that should be reaching 2.40% even 2.60% in the coming months.Above the 1,3400/1,3360 area, a bounce will be anticipated…

SGD (USDSGD CURNCY) past months rally, that can be compared to MXN rally, is currently fading.Indicators are still calling for a push down below the 1.3670/1.3730 area towards the key support area 1,3500/1,3400.Once the market manages its push down, a strong counter reaction will be expected, in line with a global higher USD (USD CURNCY) outlook and also higher $US yields that should be reaching 2.40% even 2.60% in the coming months.Above the 1,3400/1,3360 area, a bounce will be anticipated…

USDSGD : Last Push Down Before Strong Bounce