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USD/SGD: Bearish divergence? – OCBC

USD/SGD’s advancement came close to 1.3490 but eased this morning. Last seen at 1.3404 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Bearish divergence on MACD appears to be forming

“Daily momentum is mild bullish but rise in RSI moderated. Bearish divergence on MACD appears to be forming. We watch price action if USD/SGD trades lower, tactically.”

“Support at 1.3290 (61.8% fibo retracement of Jun high to Oct low). Resistance at 1.3490, 1.3520 levels. S$NEER was last at 1.30% above model-implied mid.”

NZD/USD: Outlook for NZD remains negative – UOB Group

The New Zealand Dollar (NZD) is expected to continue to weaken; given the deeply oversold conditions, it remains to be seen if 0.5815 will come into view.
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Gold stabilizes after bouncing off 100-day moving average

Gold (XAU/USD) trades little changed on Friday, holding steady in the $2,560s after making a slight recovery from the two-month lows reached on the previous day.
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