USD/SGD : Long @ 1.2856

• Trend changed from down to UP back in Sep11, with a headfake since the downtrend line break.
• Looks like whipsaw is done and uptrend resumption is on.
• Had to convert SGD to USD to fund Saxo account recently so started looking at this more closely than usual.
• Long 2x1.2820, 2x1.2866 and 1x1.2909 = average in 1.2856.
• Add on break above 1.3200.
• Stamp duty increases on foreigners buying properties not helping the SGD.