Published: 2026-02-02T02:30:14.000Z
Chart USD/SGD Update: Retracing January losses
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Extending bounce from the 1.2586 low to regain the 1.2700 level as prices retrace losses from the 1.2900, January high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900 | ** | Jan high, congestion | S1 | 1.2700 | * | 2025 year low |
| R3 | 1.2850 | * | congestion | S2 | 1.2650 | * | congestion |
| R2 | 1.2790/00 | ** | 6 Jan low, congestion | S3 | 1.2586 | ** | 28 Jan YTD low |
| R1 | 1.2750 | * | congestion | S4 | 1.2550 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - Extending bounce from the 1.2586 low to regain the 1.2700 level as prices retrace losses from the 1.2900, January high. Bounce see prices unwinding the oversold daily studies and higher will see room to the 1.2750 congestion and strong resistance at 1.2790/00, 6 January low and congestion area. Corrective gains are expected to give way to renewed selling pressure later, with support starting at the 1.2700 level. Below this will return focus to the downside for retest of the 1.2600 level and 1.2586 low. Break here will extend the broader losses from the 2020 year high.