Published: 2026-02-20T02:10:08.000Z
Chart USD/SGD Update: Higher in consolidation
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Extending bounce from above support at the 1.2600/1.2586 congestion and January current year low to reach the 1.2700 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2780 | ** | congestion | S1 | 1.2650 | * | congestion |
| R3 | 1.2780 | * | 38.2% Nov/Jan fall | S2 | 1.2600 | * | congestion |
| R2 | 1.2768 | ** | 6 Feb high | S3 | 1.2586 | ** | 28 Jan YTD low |
| R1 | 1.2700 | * | congestion | S4 | 1.2550 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Extending bounce from above support at the 1.2600/1.2586 congestion and January current year low to reach the 1.2700 level. Daily studies are unwinding oversold readings and suggest scope for break here to open up room for stronger corrective gains to strong resistance at the 1.2768 high of 6 February high and the 1.2780/1.2800, 38.2% Fibonacci level and congestion area. Corrective gains are expected to give way to fresh selling pressure later with support now raised to 1.2650 congestion ahead of the 1.2605/1.2586 lows.