Published: 2025-09-04T02:22:10.000Z
Chart USD/SGD Update: Consolidating test of 1.2900 range high
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Little change as prices consolidate test of resistance at the 1.2900 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3025 | * | 38.2% Apr/Jul fall | S1 | 1.2815 | * | 28 Aug low, trendline |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2800/90 | * | May, 2024 year lows |
| R2 | 1.2940 | * | Jun high | S3 | 1.2745 | ** | 24 Jul low |
| R1 | 1.2900 | * | congestion | S4 | 1.2700 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
02:20 GMT - Little change as prices consolidate test of resistance at the 1.2900 level following bounce from the .2815 low of last week. Daily studies are tracking higher from oversold areas and suggest scope for break here to further retrace losses from the August high towards the 1.2940, June high. Beyond this will expose the 1.3000 level to retest. Meanwhile, support at the 1.2815/1.2800 area is expected to underpin. Would take break here to expose the 1.2745 and 1.2700 lows to retest.