Published: 2025-05-28T02:41:12.000Z
Chart USD/SGD Update: Extending bounce from 1.2800/1.2790 lows
Technical Analyst
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Turned up in consolidation from test of critical support at the 1.2800/1.2790, September 2024 multi-year low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3086 | * | 12 May high | S1 | 1.2790 | ** | Sep 2024 multi-year low |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2700 | * | congestion from Oct 2014 |
| R2 | 1.2950 | * | congestion | S3 | 1.2676 | * | Oct 2014 low |
| R1 | 1.2900 | * | congestion | S4 | 1.2600/90 | * | congestion, 16 Sep 2014 low |
Asterisk denotes strength of level
02:30 GMT - Turned up in consolidation from test of critical support at the 1.2800/1.2790, September 2024 multi-year low. Bounce here see prices unwinding the deep oversold daily and weekly studies to reach the 1.2900 congestion. Above here will see room for stronger gains to the 1.2950 congestion and strong resistance at 1.3000/10 congestion and April low. Meanwhile, support is raised to the 5 May low at 1.2861 which is expected to underpin and sustain bounce from the 1.2800/1.2790 lows.