Published: 2025-06-25T02:37:01.000Z
Chart USD/SGD Update: Weighing on the 1.2800/1.2763 lows
Technical Analyst
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No follow-through on break of the 1.2800 level as prices consolidate above the 1.2763 current year low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2980 | * | 29 May high | S1 | 1.2763 | ** | 12 Jun YTD low |
| R3 | 1.2940 | ** | 23 Jun high | S2 | 1.2700 | * | congestion |
| R2 | 1.2900 | * | congestion | S3 | 1.2676 | * | Oct 2014 low |
| R1 | 1.2860 | * | 5 May low | S4 | 1.2600 | * | congestion |
Asterisk denotes strength of level
02:30 GMT - No follow-through on break of the 1.2800 level as prices consolidate above the 1.2763 current year low. Bearish momentum from the 1.2940 bounce high see scope for break here to extend losses from the broad March 2020 multi-year high. Break will see room to the 1.2700/76, congestion and October 2014 low. Deep oversold weekly studies suggest test of this area to give way to further consolidation. Meanwhile, resistance is lowered to the 1.2860 early-May low which should cap and sustain losses from the 1.2940 Monday's bounce high.