During yesterday’s trading session USD/SGD traded within the range of 1.2459-1.2495 and closed at 1.2472. At 11:08 GMT today USD/SGD was losing 0.09% for the day to trade at 1.2460. The pair touched a daily low at 1.2459 at 11:09 GMT.
USD/HKD traded within the range of 7.7501-7.7512 and closed at 7.7504. At 11:10 GMT USD/HKD was gaining 0.01% to trade at 7.7505. The pair touched a daily high at 7.7511 at 0:55 GMT.
Fundamental view
United States
Today (July 4th) is the Independence Day federal holiday in the United States, which commemorates the adoption of the Declaration of Independence on July 4th 1776, declaring independence from the Kingdom of Great Britain (at present the United Kingdom). Markets in the country are to remain closed.
Technical view
According to Binary Tribune’s daily analysis, in case USD/SGD manages to breach the first resistance level at 1.2493, it will probably continue up to test 1.2511. In case the second key resistance is broken, the pair will probably attempt to advance to 1.2528.
If USD/SGD manages to breach the first key support at 1.2452, it will probably continue to slide and test 1.2439. With this second key support broken, the movement to the downside will probably continue to 1.2420.
According to Binary Tribune’s daily analysis, in case USD/HKD manages to breach the first resistance level at 0.8408, it will probably continue up to test 0.8423. In case the second key resistance is broken, the pair will probably attempt to advance to 0.8446.
If USD/HKD manages to breach the first key support at 0.8370, it will probably continue to slide and test 0.8347. With this second key support broken, the movement to the downside will probably continue to 0.8332.
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