Dollar Versus Sing Dollar and Peso

FX Strategy Video > Currency Pairs Analysis

USD/SGD bounced slightly during the Friday session as the Dollar got a bit of a boost in general. The current area that we are in is a massive consolidation area, and we think that we are going to be stuck in it for a while. The 1.27 and 1.24 levels could contain this pair for a while.

The USD/MXN pair has been very bearish for a long time, and the oil markets should continue to push the Peso higher in value. The 12.6000 level is good support, but if oil continues higher, this pair should fall.

Published on 10th of March 2012
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