Published: 2026-03-19T02:19:23.000Z
Chart USD/SGD Update: Poised for retest of 1.2850 resistance
1
Limited on break of the 1.2768 support and subsequent bounce sets up scope for retest of the 1.2850 resistance and 200-day MA
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2985/00 | ** | 8 Dec high, figure | S1 | 1.2800 | * | congestion |
| R3 | 1.2938 | * | 19 Dec high | S2 | 1.2768 | ** | 6 Feb high |
| R2 | 1.2900 | ** | 16 Jan YTD high, 61.8% | S3 | 1.2750 | * | congestion |
| R1 | 1.2850 | ** | congestion, 200-day MA | S4 | 1.2700 | ** | 19 Feb high, 2025 yr low |
Asterisk denotes strength of level
02:15 GMT - Limited on break of the 1.2768 support and subsequent bounce from above the 1.2750 congestion to regain the 1.2800 level sets up scope for retest of the 1.2850 resistance and 200-day MA. Daily studies have turned positive and hightlight scope for break here to extend gains from the January low. Clearance will see room to retest of the 1.2900, 16 January high and 61.8% Fibonacci retracement. Meanwhile, support is raised to the 1.2800 congestion which should now underpin and sustain bounce from the 1.2768/50 support.