Published: 2026-06-03T02:12:23.000Z
Chart USD/SGD Update: Room to extend gains
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Bounce from the 1.2750 low last week see prices back to pressure resistance at the 1.2800 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900 | * | congestion | S1 | 1.2750 | ** | 29 May low |
| R3 | 1.2850 | * | congestion | S2 | 1.2735 | * | 13 May high |
| R2 | 1.2836 | ** | 19 May high, 200-day MA | S3 | 1.2700 | ** | congestion |
| R1 | 1.2800 | * | congestion | S4 | 1.2650 | ** | 7 May low |
Asterisk denotes strength of level
02:10 GMT - Bounce from the 1.2750 low last week see prices back to pressure resistance at the 1.2800 level. Break here will set up scope for retest of the 1.2836 high and 200-day MA. Above this will see room to extend gains from the 1.2650 May low to target 1.2850 congestion and trendline from the 1.3100 November high. Clearance here will return focus to the 1.2930 March YTD high. Meanwhile, support at the 1.2750 low should underpin. Would take break here to fade the upside pressure and see deeper pullback to retrace gains from the 1.2650 low of 7 May.