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We have posted a couple of times lately regarding the USD/SGD cross as we was looking for a potential bottom. This bottom seems to be shaping up nicely as we now can see a Cup with handle bottom calling for a rally towards 1.3480. This means a break above the short-term key-resistance at 1.3404 where a bottom is confirmed.
With a possible bottom in place, we should be looking for a larger rally towards 1.4455 and ultimately higher to the equality-target near 1.5700 in the years to come.
When trying to determined long-term targets it's essential that long-term charts is used or else the risk of overlooking a trendline or long-term support or resistance.
Remember that the trend and patience are your friends
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
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