Published: 11/03/25 at 02:15 UTC
Chart USD/SGD Update: Consolidating, room for lower later
Technical Analyst
1
Remains above the 1.3300 level as prices consolidate sharp losses from the 1.3520 high of last week
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3500/20 | ** | congestion, 28 Feb high | S1 | 1.3270/65 | * | 50% Sep/Jan rally, Oct high |
| R3 | 1.3460 | * | 5 Feb low | S2 | 1.3200 | * | congestion |
| R2 | 1.3420 | ** | Jan low | S3 | 1.3155 | * | 61.8% Sep/Jan rally |
| R1 | 1.3350/75 | * | 26, 17 Feb lows | S4 | 1.3132 | * | Nov low |
Asterisk denotes strength of level
02:15 GMT - Remains above the 1.3300 level as prices consolidate sharp losses from the 1.3520 high of last week. However, bearish structure from the January high keeps pressure on the downside and see scope for test of strong support at the 1.3270/65, 50% Fibonacci level and October high. Break here will extend the January losses and see extension to 1.3200 congestion and 1.3155, 61.8% Fibonacci level. Meanwhile, resistance is lowered to the 1.3350/75 recent low which is expected to cap. Above here, will open up room for stronger bounce to the 1.3400/20 area.