OK, I am still on vacation. Reading some charts while the missus and the kid are still in bed. I am interested in establishing short $USDSGD at current level. Of course, if it failed, the next level I am watching is slightly above 1.26.

Anyway, here is the chart.

[tab: Setup]

[tab: Update 08 September 2012]

Here is the updated chart of USDSGD. The pair failed to break abvoe 1.2560, and downtrend resumes. It broke the last swing low last week. Let’s see how far it can go from here.