The most interesting pair you can make money with - AUD/SGD

AUD/SGD: bearish ranging. The pair is on bearish market condition located below Ichimoku cloud in the primary bearish area of the chart. The price is ranging within the following key reversal support/resistance levels:

• 1.0312 resistance level located below Ichimoku cloud on the border between the primary bearish and the primary bullish trend on the chart, and
• 0.9822 support level located below Ichimoku cloud in the bearish area of the chart.
  

Descending triangle pattern was formed by the price tpo be crossed to below for the bearish trend to be continuing.

There are 3 simple scenarios for the price movement for the week:

• bearish breakdown in case the price breaks 0.9822 support on close weekly bar,
  
• bullish reversal to be started in case the price breaks 1.0312 resistance from below to above,
• or the ranging within the levels.
  

Chinkou Span line is located below the price indicating the ranging market condition by direction.