SINGAPORE DOLLAR TECHNICAL ANALYSIS
Recently, the US Dollar has been making cautious progress against ASEAN currencies, including the Singapore Dollar. USD/SGD appears to be consolidating within a Bearish Rectangle, having bounced off the floor which makes for a zone of support between 1.3158 and 1.3215.
That may place the focus on the ceiling, with resistance between 1.3375 and 1.3404. A breakout under the rectangle would expose lows from 2018. On the other hand, a push above the ceiling may place the focus on a falling zone of resistance from June.