Published: 2025-07-14T02:02:39.000Z
Chart USD/SGD Update: Consolidating at 1.2800, room for higher later
Technical Analyst
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Little change, as prices extend consolidation at 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 at the 1.2800 level. The resulting flag pattern suggest scope for break of the 1.2822 high to see stronger correction to retrace losses from the 1.3550, April high. Clearance will open up room to the 1.2860/1.2900 congestion then the 1.2940, June high. Corrective gains are 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 room to further extend losses from the multi-year top pattern at 1.4646, 2020 year high.