Published: 2025-03-26T02:30:19.000Z
Chart USD/SGD Update: Consolidating, room for higher
Technical Analyst
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Consolidating test of the 1.3400 level but positive daily studies suggest scope for break here to further extend bounce from 1.3300 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3586 | * | 10 Feb high | S1 | 1.3345 | 24 Mar low | |
| R3 | 1.3500/20 | ** | congestion, 28 Feb high | S2 | 1.3300 | * | congestion |
| R2 | 1.3460 | * | 5 Feb low | S3 | 1.3270/65 | ** | 50% Sep/Jan rally, Oct high |
| R1 | 1.3420 | ** | Jan low | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Consolidating test of the 1.3400 level but positive daily studies suggest scope for break here to further extend bounce from 1.3300 level. Clearance will see room for extension to the strong resistance at the 1.3420/1.3460, January and 5 February lows. This area is expected to cap and lower high sought to further pressure the downside later. Meanwhile, support is at the 1.3345 Monday's low, break here will return focus to the 1.3300/1.3280 lows. Below this will see room for extension to 1.3270/65, 50% Fibonacci level and October high.