Forex News USD/SGD has potential to form double bottom as found buyers below 1.3500 levels, though a drop below 1.3450 would leave targets exposed of 1.3200 and 1.3000, says StanChart; adds a move above 1.3560 resistance would reduce downward pressure on pair and a break above 1.3660 congestive resistance would be key, helping to form base in 1.3450-1.3660 area. USD/SGD "appears to be forming a double bottom below 1.35. Technically, clients should reduce shorts and eliminate them on a break of 1.3660."
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