Published: 2026-07-01T02:20:28.000Z
Chart USD/SGD Update: Consolidating, room for deeper pullback
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Steadied at the 1.2930/17 support as prices consolidate losses from the 1.2985 high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | ** | Nov high | S1 | 1.2930/17 | * | Mar, 8 June highs |
| R3 | 1.3050 | * | congestion | S2 | 1.2900 | * | congestion |
| R2 | 1.3000 | ** | figure, congestion | S3 | 1.2850/36 | ** | congestion, May high |
| R1 | 1.2985 | ** | Dec high, channel | S4 | 1.2805/00 | ** | 15 Jun low, congestion |
Asterisk denotes strength of level
02:20 GMT - Steadied at the 1.2930/17 support as prices consolidate losses from the 1.2985 high. However, daily studies are unwinding overbought readings and suggest consolidation giving way to renewed selling pressure later. Lower will open up room for deeper pullback to support at 1.2900 congestion. Below this will ease the upside pressure and see room for deeper pullback to strong support at the 1.2850/36 congestion and May high. Meanwhile, resistance at 1.2985 high and channel resistance is expected to cap. Clearance will open up room for extension to 1.3000/50 area.