HIA New Home Sales for Aussie in November rose by 6.8% from a 5.5% increase the prior month. The AUDUSD pair moved back to the 1.02 handle following the improved, however back dated release. On the chart below we see the pair found seems to be finding some support for now at the 100 day mavg and the old 50% level of the October to November move.
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USDSGD Breaks 21Day
The USDSGD pair has continued higher off trendline support we reviewed last week and has now broken through the trending 21day mavg and could retest trendline resistance/top of the wedge in short order if risk off sentiment persists.
USD/SGD" title="USD/SGD" width="576" height="313">
usd/cnh continue to test the bottom of the wedge
USD/SGD getting close to the top of wedge for a four try
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