0243 GMT - AUD/SGD's upward momentum is building steadily after it climbed above 0.9100 earlier this week, Quek Ser Leang, markets strategist at UOB Global Economics & Markets Research, says in a report. This suggests that the currency pair could pick up the pace of its advance from here, with 0.9216 the resistance level to monitor, the strategist says. To sustain the buildup in upward momentum, AUD/SGD should ideally stay above the rising trendline support at 0.8990, the strategist adds. AUD/SGD is up 0.1% at 0.9101, according to FactSet.(ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 04, 2024 22:44 ET (02:44 GMT)
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