Published: 2026-07-06T02:51:17.000Z
Chart USD/SGD Update: Consolidating at 1.2900 level, room for lower
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Turned up from test of the 1.2900 level as prices consolidate pullback from the 1.2990, June high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3050 | * | congestion | S1 | 1.2900 | * | congestion |
| R3 | 1.3000 | ** | figure, congestion | S2 | 1.2850 | * | congestion |
| R2 | 1.2990 | ** | Jun high | S3 | 1.2836 | ** | May high |
| R1 | 1.2930 | * | Mar high | S4 | 1.2805/00 | ** | 15 Jun low, congestion |
Asterisk denotes strength of level
02:40 GMT - Turned up from test of the 1.2900 level as prices consolidate pullback from the 1.2990, June high. Daily studies have turned lower to unwind overbought readings and suggest consolidation giving way to renewed selling pressure later. Break of the 1.2900 level will see room for extension to strong support at the 1.2850/36 congestion and May high. Lower still, will see scope to 1.2805/00 area. Meanwhile, resistance at the 1.2930/50 congestion and March high is expected to cap and sustain pullback from the 1.2985 high and channel resistance.