Published: 2026-06-04T02:21:58.000Z
Chart USD/SGD Update: Room to extend gains
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Break above the 1.2800 level has seen rally to retest resistance at the 1.2836 high and 200-day MA
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2930 | ** | 31 Mar YTD high | S1 | 1.2800 | * | congestion |
| R3 | 1.2900 | * | Jan high, congestion | S2 | 1.2750 | ** | 29 May low |
| R2 | 1.2850 | * | congestion | S3 | 1.2735 | * | 13 May high |
| R1 | 1.2836 | ** | 19 May high, 200-day MA | S4 | 1.2700 | ** | congestion |
Asterisk denotes strength of level
02:15 GMT - Break above the 1.2800 level has seen rally to retest resistance at the 1.2836 high and 200-day MA. Above this will see room to extend the broader gains from the 1.2650 May low to 1.2850 congestion and trendline from the 1.3100 November high. Clearance here will see room for extension to retest resistance at the 1.2900 level and 1.2930, March current year high. Meanwhile, support is raised to 1.2800 level which should underpin and sustain bounce from the 1.2750 low. Would take break of the latter to fade the upside pressure and see deeper pullback to retrace gains from the 1.2650 low.