Published: 2025-06-16T02:30:11.000Z
Chart USD/SGD Update: Higher in range from 1.2763, multi-year low
Technical Analyst
1
Turned up in range from the 12 June multi-year low at 1.2763 as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | ** | congestion, Apr low | S1 | 1.2763 | ** | 12 Jun YTD low |
| R3 | 1.2980 | * | 29 May high | S2 | 1.2700 | * | congestion from Oct 2014 |
| R2 | 1.2920 | * | congestion | S3 | 1.2677 | * | Oct 2014 low |
| R1 | 1.2850/61 | * | congestion, 5 May low | S4 | 1.2600 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - Turned up in range from the 12 June multi-year low at 1.2763 as prices unwind oversold intraday studies. Daily studies are stretched as well and consolidation above 1.2800 see room for corrective bounce. Break above the 1.2850/61 resistance will see room for stronger bounce to resistance at the 1.2920 congestion and 1.2980, 29 May high. Meanwhile, support at the 1.2800/1.2763 lows should underpin. Break here, if seen, will open up room for deeper pullback to the 1.2700 congestion from Ocotber 2014.