Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
US Dollar Eyes Technical Breakouts in USD/SGD, USD/MYR, USD/IDR

US Dollar Eyes Technical Breakouts in USD/SGD, USD/MYR, USD/IDR

Daniel Dubrovsky, Contributing Senior Strategist
What's on this page


  • US Dollar attempting key technical pushes against ASEAN FX
  • USD/SGD, USD/MYR and USD/IDR could extend their gains
  • USD/PHP trading cautiously higher, confining to rising channel

Trade all the major global economic data live as it populates in the economic calendar and follow live coverage for key events listed in the DailyFX Webinars. We’d love to have you along.

USD/SGD Technical Outlook

The Singapore Dollar may weaken against the US Dollar after USD/SGD confirmed an upside breakout through the Falling Wedge. This is a bullish chart pattern the could precede a reversal of the dominant downtrend. A daily close above 1.3657 opens the door to testing the next psychological barrier (1.3707 – 1.3724). Progress in US-China trade talks on the other hand could offer downside momentum towards 1.3596.

Learn more about how the MAS conducts monetary policy and what matters for the Singapore Dollar !

USD/SGD Daily Chart

USD/SGD Daily Chart

USD/SGD Chart Created in TradingView

USD/MYR Technical Outlook

This is as the US Dollar is attempting to break above key descending resistance against the Malaysian Ringgit. The near-term USD/MYR uptrend still holds after Wednesday’s pullback after prices paused their drop on the channel – pink lines below. Continued momentum from bulls may translate into another test of 4.1850 before eyeing October highs. A daily close under 4.1630 may overturn this bullish signal.

To stay updated on fundamental developments for ASEAN currencies, follow me on Twitter here @ddubrovskyFX

USD/MYR Daily Chart

USD/MYR Daily Chart

USD/IDR Technical Outlook

USD/IDR is also facing a similar technical scenario with the Indonesian Rupiah sitting on the edge of the falling trend line from May. A daily close through resistance (14092 – 14115) opens the door to overturning the dominant downtrend as price eye October highs. A turn lower on the other hand places the focus on near-term support at 14035 followed by 14000.

USD/IDR Daily Chart

USD/IDR Daily Chart

USD/IDR Chart Created in TradingView

USD/PHP Technical Outlook

The Philippine Peso continues to trade in a rising channel against the US Dollar – red area on the chart below. USD/PHP recently bounced on the floor, perhaps paving the way for a retest of near-term resistance at 51.02. Further upside progress would also be in-line with the break above descending resistance from September (pink lines). Resuming the downtrend entails taking out 50.40 – current November lows.

USD/PHP Daily Chart

USD/PHP Daily Chart

USD/PHP Chart Created in TradingView

FX Trading Resources

--- Written by Daniel Dubrovsky, Currency Analyst for

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.