On the Monthly Chart of AUDSGD, market seems to indicate that the Australian dollar is picking up strength against the Singapore dollar. It has failed to break key level ($0.99) and has since then built a bullish momentum.
Weekly Chart, has clearly shown how buyers in control for the past few weeks. It fought back 1 month worth of sellers desperate pull down. Last week, market broke mini key level, while closed with a “uncertain” doji.
Daily Chart, puts current market analysis in a spot where market candlestick is showing signs of reversal to the bear side. Market will have to retest daily before a better probable trend trade can be made.
Australian dollar looks pretty strong technically as compared to the dollar on recent trend line analysis (bigger timeframe). Singapore requires a bigger growth/event to signify greater market as compared to Australia.
My trading conclusion?