Published: 2025-04-16T02:27:56.000Z
Chart USD/SGD Update: Consolidating above 1.3118 low
Technical Analyst
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Steadied at the 1.3118 low as prices consolidate the steep drop from 1.3550 high of last week
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3300/10 | ** | congestion, Feb low | S1 | 1.3132 | * | Nov low |
| R3 | 1.3280 | * | Mar low | S2 | 1.3100 | * | congestion |
| R2 | 1.3250 | * | congestion | S3 | 1.3032 | ** | Jan 2023 year low |
| R1 | 1.3200 | * | congestion | S4 | 1.3000 | ** | Aug low, congestion |
Asterisk denotes strength of level
02:20 GMT - Steadied at the 1.3118 low as prices consolidate the steep drop from 1.3550 high of last week. Prices are unwinding the oversold intraday and daily studies and suggest scope for corrective bounce. Resistance is at the 1.3200/1.3250 congestion area and above here needed to open up room for stronger bounce to resistance at the 1.3280/1.3310, previous lows. A later break of the 1.3132/18 support will see room for extension to the 1.3100 congestion. Below this will see turn focus to support at 1.3032, January 2023 year low, then the 1.3000 figure.