Published: 2026-03-10T02:26:38.000Z
Chart USD/SGD Update: Outside range weighs
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Rejection from resistance at 1.2850/55 congestion and 200-day MA has seen sharp pullback to signal an outside range
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2938 | 19 Dec high | S1 | 1.2700 | ** | 19 Feb high, congestion | |
| R3 | 1.2900 | ** | 16 Jan YTD high | 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
02:20 GMT - Rejection from resistance at 1.2850/55 congestion and 200-day MA has seen sharp pullback to signal an outside range, suggest gains from the February low now being reversed. Below the 1.2768 support opens up room for extension to retest the 1.2700 support. Break here will return focus to the downside, initially to 1.2650 congestion then the 1.2615/05 February lows and 1.2586 current year low. Meanwhile, the 1.2800 level now turn into resistance and is expected to cap and sustain rejection from the 1.2850/55 resistance.