Published: 2025-08-15T02:39:48.000Z
Chart USD/SGD Update: Turned up from retest of 1.2800/1.2790 support
Technical Analyst
-
Turned up from retest of the support at the 1.2800/1.2790 congestion and 2024 year low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085 | * | 12 May high | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.3025 | * | 38.2% Apr/Jul fall | S2 | 1.2745 | ** | 24 Jul low |
| R2 | 1.3000 | ** | congestion, Apr low | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2880/00 | * | 17 Jul high, congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:30 GMT - Turned up from retest of the support at the 1.2800/1.2790 congestion and 2024 year low as prices unwind the oversold intraday and daily studies. Bounce see prices consolidating losses from the 1.3000 high and see room to resistance at the 1.2880/00 area which is expected to cap. Break here will return focus to the 1.3000 level. Meanwhile, support at the 1.2800/1.2790 lows now underpin. Would take break here to see room for retest of the 1.2745 support then the 1 July YTD low at the 1.2700 level.