Published: 2025-07-15T02:05:42.000Z
Chart USD/SGD Update: Extending gains
Technical Analyst
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Edging higher, as consolidation at the 1.2800 level gives way to gains from the 1.2700, current year low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | ** | congestion, Apr low | S1 | 1.2800 | * | May low, congestion |
| R3 | 1.2940 | ** | Jun high | S2 | 1.2763 | * | 12 Jun low |
| R2 | 1.2900 | congestion | S3 | 1.2700 | ** | 1 Jul YTD low | |
| R1 | 1.2860 | * | 5 May low | S4 | 1.2676 | * | Oct 2014 low |
Asterisk denotes strength of level
02:00 GMT - Edging higher, as consolidation at the 1.2800 level gives way to gains from the 1.2700, current year low. Higher will see room for stronger correction to retrace losses from the April high to resistance at 1.2860 and the 1.2900 congestion. Higher still, will see room to the 1.2940, June high. However, corrective gains are expected to give way to renewed selling pressure later with support starting at the 1.2800 level. Break here will expose the 1.2763 support and 1.2700 low to retest and see room to further extend losses from the multi-year top pattern at 1.4646, 2020 year high.