Published: 2025-04-14T02:27:59.000Z
Chart USD/SGD Update: Weighing on 1.3158 support
Technical Analyst
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No follow-through on break of the 1.3158 support and low of Friday as prices unwind the oversold intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3300/10 | ** | congestion, Feb low | S1 | 1.3158 | * | Dec 2023 low, 61.8% |
| R3 | 1.3280 | * | Mar low | S2 | 1.3132 | * | Nov low |
| R2 | 1.3250 | * | congestion | S3 | 1.3100 | * | congestion |
| R1 | 1.3200 | * | congestion | S4 | 1.3032 | * | Jan 2023 year low |
Asterisk denotes strength of level
02:20 GMT - No follow-through on break of the 1.3158 support and low of Friday as prices unwind the oversold intraday studies. The daily studies are stretched as well but pressure remains on the downside and lower will see room to the 1.3132 low of November and the 1.3100 congestion. Below this will see room for retest of 1.3032, January 2023 year low. Meanwhile, resistance is lowered to the 1.3200/1.3250 congestion area which is expected to cap. Break here will open up room for stronger bounce to resistance at the 1.3280/1.3310 previous lows.