USDSGD poised to climb

USDSGD has been travelling gradually upward in an equidistant channel over the last two weeks of September. As the month is coming to an end, we are seeing the price of USDSGD approaching the upper band of the equidistant channel. Immediate resistance levels can be seen at 1.3815 and 1.3825.

Looking at the four-hourly charts, price is further hemmed in on the top by the 200-day mov…