Published: 2026-03-11T02:43:51.000Z
Chart USD/SGD Update: Consolidating test of 1.2700 support
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Sharply lower following rejection from resistance at 1.2850/55 congestion and 200-day MA to reach strong support at the 1.2700 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2938 | 19 Dec high | S1 | 1.2700 | ** | 19 Feb high, congestion | |
| R3 | 1.2900 | ** | 16 Jan YTD high | S2 | 1.2650 | * | congestion |
| R2 | 1.2850/55 | ** | congestion, 200-day MA | S3 | 1.2615/05 | ** | Feb lows |
| R1 | 1.2800 | * | congestion | S4 | 1.2586 | ** | 28 Jan low |
Asterisk denotes strength of level
02:30 GMT - Sharply lower following rejection from resistance at 1.2850/55 congestion and 200-day MA to reach strong support at the 1.2700 level. Reaction here see prices unwinding oversold intraday studies and consolidating losses from the 1.2850/55 resistance. A later break here will return focus to the downside for retest of the 1.2615/05 February lows and 1.2586 January current year low. Meanwhile, resistance is lowered to the 1.2768/1.2800 area which is expected to cap. Would take break here to further extend corrective bounce.