Published: 2026-04-09T02:29:47.000Z
Chart USD/SGD Update: Consolidating test of 1.2730/00 support
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Sharp losses through the 1.2800 level has seen extension to reach strong support at the 1.2730/1.2700, 23 March low and congestion area
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2930 | ** | 31 Mar high | S1 | 1.2730 | * | 23 Mar low |
| R3 | 1.2900 | * | Jan high | S2 | 1.2700 | ** | 19 Feb high, 2025 yr low |
| R2 | 1.2850 | * | congestion | S3 | 1.2650 | congestion | |
| R1 | 1.2800 | * | congestion | S4 | 1.2600 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Sharp losses through the 1.2800 level has seen extension to reach strong support at the 1.2730/1.2700, 23 March low and congestion area. Consolidation here see prices unwinding the stretched intraday studies but negative daily and weekly studies highlights risk for further losses later. Break here will open up room for extension to the 1.2650/00 congestion then the 1.2586, January current year low. Meanwhile, resistance is lowered to the 1.2800 congestion which is expected to cap and sustain losses from the 1.2930 YTD high.