SGD: Watch Resistance At SGD1.4300/US$

Risk appetite and signs of a nascent economic recovery have lifted the Sing dollar to within touching distance of key resistance at SGD1.4300/US$. Technically speaking, we would view a clean breach of this level as a pretty bullish signal (given that it has failed to do so twice in past six months), potentially setting up further retracement towards SGD1.4000/US$ and bringing 2008's all-time high of SGD1.3438/US$ back into focus.

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