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US Greenback Outlook: Again on the Offensive? USD/SGD, USD/THB, USD/IDR, USD/PHP

us-greenback-outlook:-again-on-the-offensive?-usd/sgd,-usd/thb,-usd/idr,-usd/php

US Greenback, USD/SGD, USD/THB, USD/IDR, USD/PHP – ASEAN Technical Evaluation

  • US Greenback, again on the offense, faces subsequent assessments in opposition to ASEAN FX
  • USD/SGD eyes Loss of life Cross, will it maintain? USD/THB faces trendline
  • USD/IDR wedge breakout reverses, USD/PHP struggling at resistance

Singapore Greenback Technical Outlook

The US Greenback is on the offensive in opposition to the Singapore Greenback following weak spot within the final month of 2021. USD/SGD faces its subsequent key take a look at, a bearish Loss of life Cross between the 20- and 50-day Easy Shifting Averages appears doubtless on the horizon as speedy resistance. A flip decrease on the traces may trace at resuming losses since December. Such an end result might place the deal with a rising trendline from September in addition to the important thing 1.3474 – 1.3502 inflection zone. Clearing the SMAs exposes the 1.3607 – 1.3607 inflection zone in direction of the 2021 excessive at 1.3743.

USD/SGD Every day Chart

US Dollar Outlook: Back on the Offensive? USD/SGD, USD/THB, USD/IDR, USD/PHP

Chart Created in TradingView

Thai Baht Technical Outlook

The US Greenback could possibly be readying to reverse increased in opposition to the Thai Baht. USD/THB is idling above rising assist from early 2021 following losses since December. Adhering to the broader uptrend may even see the pair focus again on the 33.324 – 33.526 inflection zone. Subsequently clearing that vary would expose the 33.861 – 34.000 resistance zone. Then again, a breakout below rising assist might place the deal with the 32.974 inflection level earlier than the 200-day SMA comes into focus. The latter may but keep the broader upside focus earlier than the November lows come into play at 32.562.

USD/THB Every day Chart

US Dollar Outlook: Back on the Offensive? USD/SGD, USD/THB, USD/IDR, USD/PHP

Chart Created in TradingView

Indonesian Rupiah Technical Outlook

The US Greenback is trying to regain upside momentum in opposition to the Indonesian Rupiah after USD/IDR broke below a bearish Rising Wedge chart formation. The pair is on the verge of forming a bullish Golden Cross between the 20- and 50-day SMAs. The latter might spell a near-term upward bias, however such an end result must face the falling trendline from April after which the November excessive at 14438. Clearing the latter may open the door to extending losses in direction of peaks from July. Then again, a flip again decrease locations the deal with the 14190 – 14223 inflection zone.

USD/IDR Every day Chart

US Dollar Outlook: Back on the Offensive? USD/SGD, USD/THB, USD/IDR, USD/PHP

Chart Created in TradingView

Philippine Peso Technical Outlook

Following good points in late December, the US Greenback faces its subsequent key take a look at in opposition to the Philippine Peso. USD/PHP has so far rejected the important thing 51.095 – 51.320 resistance zone, abandoning giant higher wicks. The latter will be seen as indecision. Instant assist appears to be the 50.79 inflection level, adopted by the 23.6% Fibonacci extension degree at 50.3778. Clearing resistance exposes the 61.8% degree at 51.7339, adopted by the 78.6% level at 52.330.

USD/PHP Every day Chart

US Dollar Outlook: Back on the Offensive? USD/SGD, USD/THB, USD/IDR, USD/PHP

Chart Created in TradingView

— Written by Daniel Dubrovsky, Strategist for DailyFX.com

To contact Daniel, use the feedback part beneath or @ddubrovskyFX on Twitter

DailyFX gives foreign exchange information and technical evaluation on the developments that affect the worldwide forex markets.

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