SGDCAD: Price Holds Above Daily HTLSingapore Dollar / Canadian DollarCMCMARKETS:SGDCADFinancialGamblRKey Observations Daily Timeframe: Price tested this daily HTL as resistance a few times. The last break was very strong. After price reverted below this daily HTL, it did not make a new lower low. Instead, it traded above this level rather quickly. Overall, this gives me an indication that selling pressure is weakening. H1 Timeframe: Price crossed below EMA20, but this was shortlived As price exits the EMA band, this is an indication that momentum might pick up Realistically, I might close this trade and re-open in order to bypass the the 5PM rollover spike in spreads