USD/SGD met resistance

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Trade idea

SELL 1.3535; TP 1.35; SL 1.3550

USD/SGD was stopped yesterday by the declining 50-day MA at 1.3610. It’s also where the resistance line from December highs is. The 50-day Moving Average went under the 200-day one, which is a negative sign. Daily Stochastic is falling. If the pair continues its way down, it should get a chance to test support at 1.35 (Jan 10 and Jan 11 lows).  

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