The USDSGD pair looks poised to test the top of the channel again, possibly today if the USD can regain a bid as the European meetings scheduled for Wednesday could again be delayed. With no data out of Singapore tonight, historic flooding in the far east and a recently battered USD could provide a short-term bid for the pair. It is also note worthy that the chart has a descending 4-100hr mavg moving quickly toward the 4-200hr mavg.