US Greenback Breakouts Analyzed: USD/SGD, USD/PHP, USD/MYR, USD/IDR
US Greenback, USD/SGD, USD/PHP, USD/MYR, USD/IDR – ASEAN Technical Evaluation
The US Greenback might be in danger to additional losses in opposition to a few of its ASEAN counterparts such because the Singapore Greenback, Philippine Peso, Malaysian Ringgit and Indonesian Rupiah. On the each day chart under, my ASEAN-based USD index (which averages it in opposition to SGD, PHP, MYR and PHP) confirmed a break below key support. The latter is a spread between 4.1537 – 4.1638. Now costs are testing the subsequent formidable barrier which is an inflection level between 4.1223 – 4.1318. Might this be a turning level or downtrend resumption?
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ASEAN-Primarily based US Greenback Index – Every day Chart