Published: 2025-03-14T02:11:34.000Z
Chart USD/SGD Update: Higher in consolidation from 1.3300
Technical Analyst
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Edged up from test of the 1.3300 level as prices consolidate losses from the 1.3520 high and unwind oversold daily studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3500/20 | ** | congestion, 28 Feb high | S1 | 1.3300 | * | congestion |
| R3 | 1.3460 | * | 5 Feb low | S2 | 1.3270/65 | ** | 50% Sep/Jan rally, Oct high |
| R2 | 1.3420 | ** | Jan low | S3 | 1.3200 | * | congestion |
| R1 | 1.3350/75 | * | 26, 17 Feb lows | S4 | 1.3155 | * | 61.8% Sep/Jan rally |
Asterisk denotes strength of level
02:10 GMT - Edged up from test of the 1.3300 level as prices consolidate losses from the 1.3520 high and unwind oversold daily studies. Resistance is at the 1.3350/75 recent lows which is expected to cap. Above here, if seen, will open up room for stronger bounce to the 1.3400/20 area. Corrective bounce expected to give way to fresh selling pressure later to extend the losses from 1.3750, January YTD high. Lower will see room to the 1.3270/65, 50% Fibonacci level and October high. Below this will see extension to 1.3200 congestion and 1.3155, 61.8% Fibonacci level.