Published: 2026-03-17T02:34:21.000Z
Chart USD/SGD Update: Lower in consolidation
1
Lower in consolidation beneath strong resistance at the 1.2850 congestion and 200-day MA
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2950 | * | congestion | S1 | 1.2768 | ** | Feb high |
| R3 | 1.2938 | * | 19 Dec high | S2 | 1.2700 | ** | 19 Feb high, congestion |
| R2 | 1.2900 | ** | 16 Jan YTD high, 61.8% | S3 | 1.2650 | * | congestion |
| R1 | 1.2850 | ** | congestion, 200-day MA | S4 | 1.2586 | ** | 28 Jan YTD low |
Asterisk denotes strength of level
02:30 GMT - Lower in consolidation beneath strong resistance at the 1.2850 congestion and 200-day MA. Prices are unwinding overbought intraday studies but this is expected to give way to renewed buying interest later. Break will see room for retest of the 1.2900 January current year high and 61.8% Fibonacci level. Meanwhile, support at the 1.2768, 6 February high, which should underpin. Break here will fade the upside pressure and see room for deeper pullback to retest strong support at the 1.2700 support.