Published: 2025-08-14T02:25:11.000Z
Chart USD/SGD Update: Weighing on 1.2800/1.2790 support, break in focus
Technical Analyst
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Break of the 1.2820 low of last week see pressure returning to 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
02:20 GMT - Break of the 1.2820 low of last week see pressure returning to support at the 1.2800/1.2790 congestion and 2024 year low. Below here will extend the rejection from the 1.3000 high and see room for retest of the 1.2745 support. Below this will expose the 1 July YTD low at the 1.2700 level to retest. Would expect reaction here but this expected to give way to break later to extend the broader losses from the 2020 multi-year high. Meanwhile, resistance at the 1.2880/00 area is expected to cap and sustain losses from the 1.3000 swing high.