Published: 2026-03-03T02:54:44.000Z
Chart USD/SGD Update: Consolidating, room for higher later
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Settled back from test of resistance at the 1.2750/86 area to consolidate strong bounce from the 1.2615 low of last week
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2840 | * | 50% Nov/Jan fall | S1 | 1.2700 | ** | 19 Feb high, congestion |
| R3 | 1.2800 | ** | congestion | S2 | 1.2615/00 | * | 26 Feb low, congestion |
| R2 | 1.2780 | * | 38.2% Nov/Jan fall | S3 | 1.2586 | ** | 28 Jan YTD low |
| R1 | 1.2768 | ** | 6 Feb high | S4 | 1.2550 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Settled back from test of resistance at the 1.2750/86 area to consolidate strong bounce from the 1.2615 low of last week. Positive daily studies suggest consolidation here giving way to further gains later to extend bounce from the 1.2615/00 area. Clearance will see room to 38.2% Fibonacci level at 1.2780 and strong resistance at the 1.2800 congestion. Higher still, will see room to 1.2840, 50% Fibonacci level. Meanwhile, support is raised to the .2700 level which should underpin and sustain bounce from the 1.2615/1.2600 support.