Forex: USD/SGD – Head & Shoulders Pattern completed on daily chart?
The USD/SGD traded lower for a third day in a row, finishing down 20 pips at 1.2338. The pair has declined by 81 pips over in recent days as the “risk on” theme continues in equities and commodities, while the US Dollar has been primarily weaker across the board. Economic data out of Singapore will be limited to the Unemployment Rate (Q1), which will be released at 5:00 GMT. Later on in the US Session, we will see S&P Case Shiller Index, Chicago PMI, and Consumer Confidence.