Published: 2025-08-25T02:17:34.000Z
Chart USD/SGD Update: Weighing on 1.2800/1.2790 support
Technical Analyst
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Rejection from the 1.2900 level see prices back to pressure support at the 1.2800/1.2790 area and the trendline from the July low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3025 | * | 38.2% Apr/Jul fall | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2745 | ** | 24 Jul low |
| R2 | 1.2940 | * | Jun high | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2900 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Rejection from the 1.2900 level see prices back to pressure support at the 1.2800/1.2790 area and the trendline from the July low. Risk is seen for break here to confirm a top in place at the 1.3000 high of 1st August and return focus to the downside for retest of support at 1.2745 and 1.2700, July lows. Below these will extend the broader losses from the March 2020 year high and see room to 1.2650/00 area. Meanwhile, resistance is at the 1.2900 congestion which is expected to cap and sustain losses from 1.3000 lower high.