Published: 2025-04-07T02:43:04.000Z
Chart USD/SGD Update: Turned back to retest 1.3500/20 resistance
Technical Analyst
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Rebound from above the 1.3300/1.3280 support see prices back to retest the 1.3500 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | ** | 3 Feb high | S1 | 1.3420 | * | Jan low |
| R3 | 1.3585/00 | * | 10 Feb high, congestion | S2 | 1.3375 | * | 13 Mar high |
| R2 | 1.3520 | ** | 28 Feb high | S3 | 1.3300 | * | congestion |
| R1 | 1.3500 | * | congestion | S4 | 1.3280 | ** | 10 Mar YTD low |
Asterisk denotes strength of level
02:35 GMT - Rebound from above the 1.3300/1.3280 support see prices back to retest the 1.3500 level. Break here and the 1.3520 resistance will see room for stronger gains to retrace the January/March losses and see room to the 1.3585/1.3600 resistance which is expected to cap. Corrective gains are expected to give way to fresh selling pressure later. Meanwhie, support is raised to the 1.3420 January low and this extend to the 1.3375 high of 13 March. Break of these will return focus to the downside for retest of the 1.3300/1.3280, congestion and 10 March YTD low.