Published: 2025-07-11T01:59:14.000Z
Chart USD/SGD Update: Consolidating, room for higher later
Technical Analyst
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Little change, as prices extend consolidation around the 1.2800 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | * | congestion, Apr low | S1 | 1.2763 | * | 12 Jun low |
| R3 | 1.2940 | ** | Jun high | S2 | 1.2700 | ** | 1 Jul YTD low |
| R2 | 1.2860 | * | 5 May low | S3 | 1.2676 | * | Oct 2014 low |
| R1 | 1.2822 | * | 9 Jul high | S4 | 1.2600 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Little change, as prices extend consolidation around the 1.2800 level following bounce from the 1.2700 low. Break above 1.2822 high will see room for stronger correction to retrace losses from the 1.3550, April high. Higher will open up room to the 1.2860/1.2900 congestion then the 1.2940, June high. Correction is expected to give way to renewed selling pressure later with support starting at the 1.2763, 12 June low. Break here will expose the 1.2700 low to retest and see scope to further extend losses from the multi-year top pattern at 1.4646, 2020 year high.