Published: 2025-04-09T02:23:46.000Z
Chart USD/SGD Update: Lower in consolidation from 1.3550 high
Technical Analyst
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Settling back from the 1.3550 high as prices consolidate strong bounce from the 1.3310 low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | ** | 3 Feb high | S1 | 1.3460 | * | 5 Feb low |
| R3 | 1.3635 | * | 18 Dec high | S2 | 1.3420 | * | Jan low |
| R2 | 1.3585/00 | * | 10 Feb high, congestion | S3 | 1.3375 | * | 13 Mar high |
| R1 | 1.3550 | * | congestion | S4 | 1.3310/00 | ** | 3 Apr low, congestion |
Asterisk denotes strength of level
02:20 GMT - Settling back from the 1.3550 high as prices consolidate strong bounce from the 1.3310 low and unwind the overbought intraday studies. Below the 1.3500 level see room for deeper pullback to support at the 1.3460/1.3420 area which is expected to underpin. Break here will return focus to the downside and open up room for pullback to the 1.3375 support then the 1.3310/00, 3 April low and congestion. Would take break of the 1.3550 congestion to see room for further extension to the 1.3585/1.3600 resistance.