Published: 2025-09-01T02:09:03.000Z
Chart USD/SGD Update: Weighing on July trendline
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Little change, as prices consolidate above the 1.2815 trendline from the July low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3025 | * | 38.2% Apr/Jul fall | S1 | 1.2815 | * | 28 Aug low, trendline |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2800/90 | * | May, 2024 year lows |
| R2 | 1.2940 | * | Jun high | S3 | 1.2745 | ** | 24 Jul low |
| R1 | 1.2900 | * | congestion | S4 | 1.2700 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
02:00 GMT - Little change, as prices consolidate above the 1.2815 trendline from the July low. Negative daily and weekly studies suggest eventual break here and the 1.2800/1.2790 area to extend the broader losses from the 1.3000, August swing high. Break will return focus to the 1.2745 support and the 1.2700, July current year low. Below these will extend the broader losses from the March 2020 year high. Meanwhile, resistance at the 1.2900 congestion is expected to cap and limit corrective bounce.