Published: 2025-03-06T02:35:44.000Z
Chart USD/SGD Update: Consolidating test of 1.3312/00, room for break later
Technical Analyst
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Sharp pullback from the 1.3520 high has seen losses to retest the 1.3312 low and the 1.3300 congestion
| 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 | 1.3350/75 | * | 26, 17 Feb lows | S4 | 1.3155 | * | 61.8% Sep/Jan rally |
Asterisk denotes strength of level
02:30 GMT - Sharp pullback from the 1.3520 high has seen losses to retest the 1.3312 low and the 1.3300 congestion. Consolidation here see prices unwinding the oversold intraday studies but bearish structure on daily chart suggest this giving way to break later to further retrace the September/January rally. Lower will see room to strong support at the 1.3270/65, 50% Fibonacci level and October high. Meanwhile, resistance is lowered to the 1.3350/75 recent low, now expected to cap and sustain losses from 1.3520, late-February lower high.