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Written by Daniel Dubrovsky, Strategist for Otherwise, extending losses would bring the pair closer to the May low at 1.3660. Clearing resistance would offer a stronger bullish bias, placing the focus on the 61.8% Fibonacci extension at 1.4017. A bullish Golden Cross remains in play between the 50- and 100-day SMAs, offering an upside technical bias. USD/SGD rejected the 1.3946 – 1.3986 resistance zone, pivoting lower. The US Dollar consolidated against the Singapore Dollar last week. USD/PHP Daily ChartĬhart Created in TradingView Singapore Dollar Technical Outlook – Slightly Bullish The latter could hold as support, continuing the broader upside bias. Under that are the 20- and 50-period SMAs. Should prices turn lower, immediate support appears to be the 78.6% Fibonacci extension at 53.307. Beyond the latter is the 2018 high at 54.43. Immediate resistance appears to be the 100% Fibonacci extension at 53.89. The US Dollar appreciated against the Philippine Peso last week, extending gains since early April. In the event of a turn lower, the 20- and 50-period SMAs could hold as key support, maintaining the broader focus to the upside.Ĭhart Created in TradingView Philippine Peso Technical Outlook – Bullish The latter makes for a key zone of resistance between 1495. Now, the pair is fast approaching highs from September 2020. USD/IDR confirmed a breakout above the May high at 14730. The US Dollar also gained against the Indonesian Rupiah, extending gains since late May. USD/THB Daily ChartĬhart Created in TradingView Indonesian RupiahTechnical Outlook – Bullish Otherwise, a turn lower could see the 50-day Simple Moving Average hold as support. Further gains would subsequently expose the 61.8% and 78.5% extensions at 35.751 and 36.215 respectively. Moreover, the pair took out the critical 34.759 – 34.850 resistance zone, placing the focus on the midpoint of the Fibonacci extension at 35.426 next. The US Dollar roared higher against the Thai Baht last week, with USD/THB pushing its highest rate since March 2017. Get My Guide Thai Baht Technical Outlook – Bullish

Dollar to php