AUD/SGD Idea

17 May 2017

Can an uptrend be underway? I have acquired a few confluences after observation. Price appears to be in a retracement at the moment. We can see from the macro perspective that new higher highs and higher lows have been established indicated by the arrows. To get into a long trade, for safety, I would wait until a break above and close above of the blue line (observation from 4-hour time frame). We will see how this plays out.