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Daily Outlook on USD/SGD and USD/KRW and USD/IDR January 31, 2013

Published 01/31/2013, 01:38 AM
Updated 01/01/2017, 02:20 AM
USD/SGD
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USD/KRW
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USD/IDR
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MON
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SLCL
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DAILY USD/KRW OUTLOOK - 1089.1

31 Jan 2013 06:23GMT...

Despite opening higher to 1091.3, subsequent retreat n intra-day sideways move suggests consolidation wud be seen, below 1086.7 wud yield 1084.5.
On the upside, only abv 1091.3 wud revive bullishness for re-test of 1093.5 (Mon). Stand aside.

STRATEGY : Stand aside
RES : 1091.3/1093.5/1095.0
SUP : 1086.7/1084.5/1080.9
………………………………………………………


DAILY USD/IDR OUTLOOK - 9750
31 Jan 2013 04:04GMT...

Usd's intra-day breach of y'day's 9765 high signals recent erratic rise wud extend to 9775 after consolidation but res 9800 shud hold initially.

Trade fm long side with stop as indicated n only below 9675 risks stronger retracement to 9625.

STRATEGY : Long at 9700
POSITION : Long at 9700
OBJECTIVE : 9770
STOP-LOSS : 9700
RES : 9775 / 9800 / 9520
SUP : 9675 / 9625 / 9590
……………………………………………………..


DAILY USD/SGD OUTLOOK - 1.2395
31 Jan 2013 04:42GMT...

Usd's intra-day rally n breach of res 1.2382 suggests MT rise fm 1.2152 (Oct) has resumed n a retest of Mon's 4-1/2 mth top at 1.2405 is seen.

Trade fm long side with stop now as indicated n only below 1.2342 risks weakness to 1.2331.

STRATEGY : Long at 1.2348
POSITION : Long at 1.2348
OBJECTIVE : 1.24
STOP-LOSS : 1.2375
RES : 1.2405/1.2433/1.2487
SUP : 1.2342/1.2331/1.2318

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