Published: 2026-03-20T02:37:48.000Z
Chart USD/SGD Update: Extend choppy trade below 1.2850 resistance
1
Remains below the 1.2850 resistance as prices extend choppy trade to retest support at the 1.2768/50 congestion
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2985/00 | ** | 8 Dec high, figure | S1 | 1.2768 | ** | 6 Feb high |
| R3 | 1.2938 | * | 19 Dec high | S2 | 1.2750 | * | congestion |
| R2 | 1.2900 | ** | 16 Jan YTD high, 61.8% | S3 | 1.2700 | ** | 19 Feb high, 2025 yr low |
| R1 | 1.2850 | ** | congestion, 200-day MA | S4 | 1.2650 | congestion |
Asterisk denotes strength of level
02:30 GMT - Remains below the 1.2850 resistance as prices extend choppy trade to retest support at the 1.2768/50 congestion. Above the latter see prices sustaining higher lows from the 1.2600/1.2586 lows and highlight scope for stronger gains to retrace losses from the 1.3100, November high. Above the 1.2850 resistance and 200-day MA will see room to retest of the 1.2900, 16 January high and 61.8% Fibonacci retracement. Meanwhile, support at the 1.2768/50 area should underpin. Failure here will open up room for retest of strong support at 1.2700 level.