Published: 2025-07-24T01:51:14.000Z
Chart USD/SGD Update: Focus return to 1.2700, current year low
Technical Analyst
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Under pressure, as prices extend pullback from the 1.2882 high of last week to break the 1.2800/1.2763 support
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2940 | ** | Jun high | S1 | 1.2700 | ** | 1 Jul YTD low |
| R3 | 1.2882 | * | 17 Jul high | S2 | 1.2650 | * | congestion |
| R2 | 1.2860 | * | congestion | S3 | 1.2600/85 | * | congestion |
| R1 | 1.2800 | * | congestion | S4 | 1.2550 | * | Aug 2014 high |
Asterisk denotes strength of level
01:50 GMT - Under pressure, as prices extend pullback from the 1.2882 high of last week to break the 1.2800/1.2763 support. Below this opens up the 1.2700 current year low to retest and where reaction can be expected as daily and weekly studies extend into oversold areas. However, a later break cannot be ruled out extend losses from the large top pattern at March 2020 year high. Lower will see room for extension to 1.2650/00 congestion. Meanwhile, resistance at the 1.2800 level is expected to cap.