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USDSGD 27 Jul 2023

USDSGD 27 Jul 2023 on the weekly timeframe, it can be seen that this pair still continues to range between S1 and S2. it had several times tried to break S1 but bounced back down. Referring to the RSI indicator, it can be seen that the pair chart is also still carried at the 50 level, which indicates that the bearish trend will continue. Therefore, go-short can be an option for traders. A trend reversal is possible when the pair touches S2 again or when there are factors that influence the market change. Wait for more clear indications before making a decision to open a position.

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