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USDSGD 5 Mar 2024

USDSGD 5 Mar 2024 on the H1 timeframe, this pair has managed to break the support line yesterday. Although it has not managed to continue to strengthen until it breaks the kumo cloud, the pair is able to survive to stay above S2. If referring to stochastic, it appears that the chart is experiencing a movement to strengthen, therefore go-long can be an option for traders at this time. But if there is one factor that can affect the market and bring this pair back down, then go-short is an option. Keep an eye on volatile market movements before making trading decisions.

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