Published: 2026-03-12T02:19:07.000Z
Chart USD/SGD Update: Consolidating above 1.2700 support
2
Little change, as prices settled into consolidation above strong support at the 1.2700 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2938 | 19 Dec high | S1 | 1.2700 | ** | 19 Feb high, congestion | |
| R3 | 1.2900 | ** | 16 Jan YTD high, 61.8% | S2 | 1.2650 | * | congestion |
| R2 | 1.2850/55 | ** | congestion, 200-day MA | S3 | 1.2615/05 | ** | Feb lows |
| R1 | 1.2800 | * | congestion | S4 | 1.2586 | ** | 28 Jan low |
Asterisk denotes strength of level
02:15 GMT - Little change, as prices settled into consolidation above strong support at the 1.2700 level. Bounce see resistance at the 1.2768/1.2800 area and only regaining this will open up room for retest of resistance at the 1.2850/55 congestion and 200-day MA. Clearance will open up room for stronger gains to retrace the November/January losses to retest 1.2900 high and 61.8% Fibonacci level. Meanwhile, support at the 1.2700 level should underpin. Failure here will return focus to the downside for retest of the 1.2615/05 February lows and 1.2586 January current year low.