FX Watch: AUD/SGD in wedge formation, EUR/USD nearing trendline support – IG

In the world of foreign exchange markets, the Australian Dollar/Singapore Dollar (AUD/SGD) pair is currently showing a wedge formation. This pattern typically indicates a potential breakout in the near future.

Meanwhile, the Euro/US Dollar (EUR/USD) pair is approaching trendline support. This level could act as a significant turning point for the currency pair.

Traders and investors are closely monitoring these developments as they may provide trading opportunities in the coming days. Stay tuned for further updates on these currency pairs.

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