Published: 2026-05-14T01:58:11.000Z
Chart USD/SGD Update: Extend corrective bounce
-
Extend bounce from support at the 1.2652 low as prices consolidate losses from the 1.2823, 29 April high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2850 | * | congestion | S1 | 1.2667 | * | Apr low |
| R3 | 1.2823 | ** | 29 Apr high | S2 | 1.2652/50 | ** | 7 May low, congestion |
| R2 | 1.2800 | * | congestion | S3 | 1.2600 | * | congestion |
| R1 | 1.2750 | * | congestion | S4 | 1.2586 | ** | 28 Jan YTD low |
Asterisk denotes strength of level
01:50 GMT - Extend bounce from support at the 1.2652 low as prices consolidate losses from the 1.2823, 29 April high. Above the 1.2700 level opens up room for stronger gains to resistance at 1.2750/1.2800 congestion area which is expected to cap. Corrective gains are expected to give way to renewed selling pressure later. Meanwhile, support is raised to the 1.2700 level and break here and the 1.2667/52 lows will see room for extension to retest the 1.2600 level and the 1.2586 current year low of 28 January. Below this will see room to the 1.2550/1.2500 congestion area.