Published: 2025-04-03T02:17:25.000Z
Chart USD/SGD Update: Consolidating retest of 1.3500/20 resistance
Technical Analyst
2
Further extend gains from the March low and break of the 1.3460 resistance has seen spike to test strong resistance at 1.3500/20
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3586 | * | 10 Feb high | S1 | 1.3420 | * | Jan low |
| R3 | 1.3550 | * | congestion | S2 | 1.3375/50 | * | 13 Mar high, congestion |
| R2 | 1.3520 | ** | 28 Feb high | S3 | 1.3300 | * | congestion |
| R1 | 1.3500 | * | congestion | S4 | 1.3280 | ** | 10 Mar YTD low |
Asterisk denotes strength of level
02:15 GMT - Further extend gains from the March low and break of the 1.3460 resistance has seen spike to test strong resistance at the 1.3500/20 congestion. Overbought daily studies see this area keeping gains in check for now, but a later break cannot be ruled out. Clearance will further correct the January/March losses. Meanwhile, support is raised to the 1.3420/00 area which should underpin. Break here return focus to the downside and see scope to retest the 1.3375/50 support then the 1.3300/1.3280 lows.