Published: 2026-04-20T16:25:46.000Z
Chart USD/SGD Update: Range trade - studies under pressure
1
Little change, as prices extend consolidation beneath 1.2730, following the test below support at 1.2700
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2850 | * | congestion | S1 | 1.2700 | ** | 19 Feb high, 2025 yr low |
| R3 | 1.2785/00 | ** | 13 Apr high, congestion | S2 | 1.2650 | congestion | |
| R2 | 1.2750 | congestion | S3 | 1.2600 | * | congestion | |
| R1 | 1.2730 | congestion | S4 | 1.2586 | ** | 28 Jan YTD low |
Asterisk denotes strength of level
17:05 BST - Little change, as prices extend consolidation beneath 1.2730, following the test below support at 1.2700. Prices are once again pressuring 1.2700, with deteriorating daily readings and bearish weekly charts highlighting room for a fresh break. Focus will then turn to congestion around 1.2650, where already oversold daily stochastics could prompt fresh consolidation, before prices continue lower. Meanwhile, resistance remains at 1.2730 and extends to 1.2750. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath 1.2785/00.