0750 GMT - USD/SGD may extend gains further, based on its weekly chart, says Quek Ser Leang, markets strategist at UOB Global Economics & Markets Research, in a research report. After rising above 1.3620 for the first time since November earlier today following last week's surge, the currency pair's robust upward momentum suggests USD/SGD will probably continue to rise, he says. However, the currency pair has to break clearly above top of the weekly Ichimoku cloud, which is presently near 1.3640, before further sustained advance is likely, he says. Given that this level is slated to move lower in next few weeks, a breach of this key resistance wouldn't be surprising, he adds. USD/SGD is little changed at 1.3608. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 15, 2024 03:50 ET (07:50 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。