Published: 2025-03-19T02:10:53.000Z
Chart USD/SGD Update: Extending consolidation at the 1.3300 level
Technical Analyst
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Little change, as prices extend consolidation at the 1.3300 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3500/20 | ** | congestion, 28 Feb high | S1 | 1.3300 | * | congestion |
| R3 | 1.3460 | * | 5 Feb low | S2 | 1.3270/65 | ** | 50% Sep/Jan rally, Oct high |
| R2 | 1.3420 | ** | Jan low | S3 | 1.3200 | * | congestion |
| R1 | 1.3375 | * | 17 Feb lows | S4 | 1.3155 | * | 61.8% Sep/Jan rally |
Asterisk denotes strength of level
02:10 GMT - Little change, as prices extend consolidation at the 1.3300 level. However, pressure remains on the downside following rejection from the 1.3375 resistance though oversold intraday and daily studies keep losses in check. Only above the 1.3375 resistance will open up room for stronger bounce to the 1.3400/20 area. Meanwhile, break of the 1.3300 level will extend the losses from January high and see room to support at 1.3270/65, 50% Fibonacci level and October high. Lower still, will see extension to the 1.3200 congestion and 1.3155, 61.8% Fibonacci level.