US Dollar, USD/SGD, USD/IDR, USD/PHP, USD/MYR– ASEAN Technical AnalysisUSD/SGD might bounce but falling resistance might keep downtrend intactUSD/IDR could rise after Golden Cross, watch out for Bank of IndonesiaUSD/PHP may bottom on turnaround signals, USD/MYR eyes support nextSingapore Dollar Technical OutlookThe United States Dollar might try a push higher versus the Singapore Dollar after USD/SGD was not able to break under lows from June. This area produces a key zone of support between 1.3805 and 1.3820 Nevertheless, gains might be included by the medium-term falling trend line from March’s top. This could reinstate the focus to the disadvantage. If that causes a break under June lows, USD/SGD might accelerate lower towards the March low. Additional decreases put the focus on the 78.6%Fibonacci retracement at 1.3699
USD/SGD Daily ChartUSD/SGD Chart Created in TradingViewIndonesian Rupiah Technical OutlookThe US Dollar might resume gains against the Indonesian Rupiah after USD/IDR developed new resistance at 14827 and turned lower. That is since the short-term 20- Day Simple Moving Typical (SMA) crossed above the medium-term 50- Day SMA. In technical analysis, this is referred to as a Golden Cross which is generally a bullish signal. Do bear in mind that the Bank of Indonesia is wary of weakness in the Rupiah and may step in to contain devaluation in its currency. A close under 14342 might reinstate the focus to the disadvantage.
USD/IDR Daily ChartUSD/IDR Chart Developed in TradingViewPhilippine Peso Technical OutlookThe US Dollar might increase against the Philippine Peso as USD/PHP was when again unable to breach the 2017 floor in between49 Taking this into consideration, USD/PHP may pressure crucial falling resistance from March as well as the 20- day SMA.Find your trading character and optimum kinds of analysisUSD/PHP Daily ChartUSD/PHP Chart Produced in TradingViewMalaysian Ringgit Technical OutlookThe United States Dollar is under pressure versus the Malaysian Ringgit as USD/MYR approaches essential support which is a range in between 4. If essential support holds here and precedes a bounce, the falling trend line from March could reinstate the focus back to the drawback and potentially establish a Coming down Triangle chart pattern.