Published: 2026-04-07T02:32:05.000Z
Chart USD/SGD Update: Consolidating
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Higher in consolidation above support at the 1.2800 level to set up scope for retest of 1.2900 and 1.2930, 31 March current year high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2975 | * | 76.4% Nov/Jan fall | S1 | 1.2800 | * | congestion |
| R3 | 1.2950 | * | congestion | S2 | 1.2768 | ** | Feb high |
| R2 | 1.2930 | ** | 31 Mar YTD high | S3 | 1.2700 | ** | 19 Feb high, 2025 yr low |
| R1 | 1.2900 | * | congestion | S4 | 1.2650 | congestion |
Asterisk denotes strength of level
02:20 GMT - Higher in consolidation above support at the 1.2800 level to set up scope for retest of 1.2900 and 1.2930, 31 March current year high. Break here will further extend bullish gains from the 1.2600/1.2586 lows to retrace losses from the November high and see room for extension to 1.2975, 76.4% Fibonacci retracement. Meanwhile, support at 1.2800/1.2768, congestion and February high should underpin. Below here will fade the upside pressure and open up room for pullback to strong support at the 1.2730/1.2700, 23 March low and congestion area.