Published: 2025-01-21T02:43:45.000Z
Chart USD/SGD Update: Consolidating test of 1.3550/31 support
Technical Analyst
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Steadied at the 1.3550/31 support as prices consolidate sharp break of the 1.3635 support and unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3550/31 | ** | congestion, 23 Dec low | |
| R3 | 1.3670 | * | Apr high | S2 | 1.3500 | * | congestion | |
| R2 | 1.3635 | ** | 18 Dec high | S3 | 1.3450 | * | congestion | |
| R1 | 1.3600 | * | congestion | S4 | 1.3400 | * | 11 Dec low, congestion |
Asterisk denotes strength of level
02:35 GMT - Steadied at the 1.3550/31 support as prices consolidate sharp break of the 1.3635 support and unwind oversold intraday studies. Dai;ly studies have turned down from overbought areas and highlights risk for further losses later. Lower will turn focus lower to retrace strong gains from the September low and see room to the 1.3500/1.3450 congestion area. Meanwhile, resistance is lowered to the 1.3600 congestion and this extend to the 1.3635 the high of 18 December. This are is expected to cap and sustain losses from the 1.3750 high.