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Published: 2025-04-17T02:23:00.000Z

Chart USD/SGD Update: Consolidating test of 1.3100

byPakLai Ng

Technical Analyst
-

Edged up from test of the 1.3100 level as prices consolidate the steep drop from 1.3550 high of last week

 Level Comment Level Comment
R41.3300/10**congestion, Feb lowS11.3100*congestion
R31.3280*Mar lowS21.3032**Jan 2023 year low
R21.3250*congestionS31.3000**Aug low, congestion  
R11.3200*congestionS41.2950*congestion

Asterisk denotes strength of level

02:20 GMT - Edged up from test of the 1.3100 level as prices consolidate the steep drop from 1.3550 high of last week and unwind the oversold intraday studies. Daily studies are stretched as well and suggest scope for corrective bounce here to resistance at 1.3200/1.3250 congestion area. Gains abve here, if seen, will open up room for stronger bounce to resistance at the 1.3280/1.3310, previous lows. A later break of the 1.3100 level will turn focus to strong support at 1.3032, January 2023 year low, then the 1.3000 figure. 

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Topics
USD/SGD-TA
EM-Technical
Technical Analysis

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