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USDSGD 11 Jun 2024

USDSGD 11 Jun 2024 On the daily timeframe, USDSGD is still experiencing sideways movement and is inside the kumo cloud. This pair is experiencing price fluctuations caused by market volatility. After various ups and downs, USDSGD is currently at a price position of 1.35306. The pair seems to be in a bullish trend which is likely to continue. This is reinforced by the stochastic indicator which is showing a strengthening chart towards the 80 level, indicating strong bullish momentum. However, traders need to remain wary of a potential trend reversal given the pair’s position within the kumo cloud.

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