Published: 2026-07-09T02:04:52.000Z
Chart USD/SGD Update: Consolidating above 1.2900
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Turned up in consolidation from 1.2900 level but shallow bounce suggest this giving way to renewed selling pressure later
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3050 | * | congestion | S1 | 1.2900 | * | congestion |
| R3 | 1.3000 | ** | figure, congestion | S2 | 1.2850 | * | congestion |
| R2 | 1.2990 | ** | Jun YTD high | S3 | 1.2836 | ** | May high |
| R1 | 1.2950 | * | congestion | S4 | 1.2805/00 | ** | 15 Jun low, congestion |
Asterisk denotes strength of level
02:00 GMT - Turned up in consolidation from 1.2900 level but shallow bounce suggest this giving way to renewed selling pressure later. Break will extend losses from the 1.2990 high and channel top to retrace strong gains from the May swing low and see room to support at the 1.2850/36 congestion and May high. Lower still, will see scope for extension to strong support at the 1.2805/00 area. Meanwhile, resistance at the 1.2950 congestion is expected to cap and sustain pullback from the 1.2990 June current year high.