USDSGD 1.35 realistic? It also roughly coincides with the decade long falling trendline. First it should clear 1.28 convincingly. Catalyst: more bearish EM events & further Tapering news should push it up close to 1.35 before it decides to fall back into long term decline or a major trend reversal.
Thailand has been facing political upheaval for months already, and it looks to be culminating soon as protestors look to overthrow their government & military intervention may ensue. Chart is showing a bullish falling wedge & finding support at 23.6% fib extension from Nov 2011. I’d reckon the bottom within these few weeks as the next level down should only be reached if theres a complete economic collapse for extended periods. Chart is based on Aberdeen New Thai Investment Trust PLC.