Chart USD/SGD Update: Extend consolidation above 1.2850/36 support
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Little change, as prices stays range-bound in consolidation above the 1.2850/36 support
Level
Comment
Level
Comment
R4
1.3000
**
figure, congestion
S1
1.2850
*
congestion
R3
1.2950
*
congestion
S2
1.2836
**
May high
R2
1.2930
**
31 Mar YTD high
S3
1.2800
*
congestion
R1
1.2900
*
congestion
S4
1.2750
**
29 May low
Asterisk denotes strength of level
02:20 GMT - Little change, as prices stays range-bound in consolidation above the 1.2850/36 support. The latter expected to underpin and only break here will open up room for deeper pullback to strong support at 1.2800 congestion and 1.2750 low of 29 May. Meanwhile, resistance remains at the 1.2900/30 congestion and 31 March high. Break above the latter will extend the broader gains from the 1.2586 January YTD low. Higher will see room for extension to resistance at the 1.2950/1.3000 congestion area.