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USD/SGD mid-term buyers gaining momentum

On the 4H USD/SGD chart, the MACD has moved above zero denoting an uptrend.

Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push USD/SGD higher.

United States Existing Home Sales Change (MoM) below forecasts (-1.3%) in August: Actual (-4.8%)

United States Existing Home Sales Change (MoM) below forecasts (-1.3%) in August: Actual (-4.8%)
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