Published: 2025-03-20T02:09:07.000Z
Chart USD/SGD Update: Drifting narrowly at the 1.3300 level
Technical Analyst
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Little change, as prices drift narrowly at the 1.3300 level
| 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 | 1.3375 | * | 17 Feb lows | S4 | 1.3155 | * | 61.8% Sep/Jan rally |
Asterisk denotes strength of level
02:10 GMT - Little change, as prices drift narrowly at the 1.3300 level. However, pressure remains on the downside though oversold intraday and daily studies keeping losses in check. Break here will extend the losses from January high and see room to support at 1.3270/65, 50% Fibonacci level and October high. Lower still, will see extension to the 1.3200 congestion and 1.3155, 61.8% Fibonacci level. Meanwhile, resistance at the 1.3375 high of last week expected to cap and sustain losses from the 1.3520, 28 February high.