Published: 2025-06-24T02:44:10.000Z
Chart USD/SGD Update: Rejection from 1.2940 return focus to 1.2800/1.2763 lows
Technical Analyst
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Limited above the 1.2900 level following rejection from the 1.2940 high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | ** | congestion, Apr low | S1 | 1.2800 | * | congestion |
| R3 | 1.2980 | * | 29 May high | S2 | 1.2763 | ** | 12 Jun YTD low |
| R2 | 1.2940 | ** | 23 Jun high | S3 | 1.2700 | * | congestion |
| R1 | 1.2900 | * | congestion | S4 | 1.2676 | * | Oct 2014 low |
Asterisk denotes strength of level
02:35 GMT - Limited above the 1.2900 level following rejection from the 1.2940 high. Sharp pullback return focus to the 1.2800 support and break here will expose the 1.2763 current year low to retest. Below this will extend the broad bearish pressure from the March 2020 multi-year high and see room to the 1.2700/76, congestion and October 2014 low. Deep oversold weekly studies suggest test of this area to give way to further consolidation. Meanwhile, resistance is lowered to the 1.2900 congestion which should sustain losses from the 1.2940 lower high.