Published: 2026-03-09T02:33:45.000Z
Chart USD/SGD Update: Extending gains
1
Consolidating at the 1.2800 level has given way to fresh buying pressure to reach the 1.2840/50, 50% Fibonacci level and congestion
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000 | ** | congestion | S1 | 1.2800 | * | congestion |
| R3 | 1.2938 | 19 Dec high | S2 | 1.2768 | ** | Feb high, congestion | |
| R2 | 1.2900 | * | 16 Jan YTD high, 61.8% | S3 | 1.2700 | ** | 19 Feb high, congestion |
| R1 | 1.2840 | * | 50% Nov/Jan fall | S4 | 1.2615/00 | * | 26 Feb low, congestion |
Asterisk denotes strength of level
02:25 GMT - Consolidating at the 1.2800 level has given way to fresh buying pressure to reach the 1.2840/50, 50% Fibonacci level and congestion. Bullish break above the 1.2700 level and 1.2768 February high last week keep pressure firmly on the upside to retrace the November/January losses. Higher will see room for extension to retest the 1.2900, January current year high 61.8% Fibonacci level. Meanwhile, support is raised to the 1.2800/1.2768 congestion area and February high which is expected to underpin and extend gains from the 1.2605/1.2586, February/January lows.