Published: 2025-03-28T01:54:50.000Z
Chart USD/SGD Update: Consolidating test of 1.3420 resistance
Technical Analyst
-
Settled back in consolidation from test of the 1.3420 resistance
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3586 | * | 10 Feb high | S1 | 1.3375/50 | 13 Mar high, congestion | |
| 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
01:50 GMT - Settled back in consolidation from test of the 1.3420 resistance. Positive daily studies suggest scope for break here to further extend bounce from 1.3300 level, higher will see room to the 1.3460 resistance. Gains beyond this, if seen, will open up scope to strong resistance at the 1.3500/20 congestion and 28 February high. Gains are seen corrective and pullback below support at the 1.3375/50 area will return focus to the downside for retest of the 1.3300/1.3280 lows. Below this will see room for extension to 1.3270/65, 50% Fibonacci level and October high.