Published: 2025-03-13T02:18:40.000Z
Chart USD/SGD Update: Extend consolidation above 1.3300
Technical Analyst
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Little change, as prices extend consolidation above the 1.3300 level
| 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
02:15 GMT - Little change, as prices extend consolidation above the 1.3300 level following sharp losses from the 1.3520 high of last week. The resulting flag pattern and bearish structure suggest this giving way to fresh selling pressure later to open up room for test of strong support at the 1.3270/65, 50% Fibonacci level and October high. Break here will extend the January losses and see extension to 1.3200 congestion and 1.3155, 61.8% Fibonacci level. Meanwhile, resistance at the 1.3350/75 recent lows expected to cap. Above here, if seen, will open up room for stronger bounce to the 1.3400/20 area.