Published: 2026-06-30T02:35:02.000Z
Chart USD/SGD Update: Extending rejection from 1.2985 resistance
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Extend rejection from the 1.2985 December high to reach resistance turned support at the 1.2930/17 area
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | ** | Nov high | S1 | 1.2930/17 | * | Mar, 8 June highs |
| R3 | 1.3050 | * | congestion | S2 | 1.2900 | * | congestion |
| R2 | 1.3000 | ** | figure, congestion | S3 | 1.2850/36 | ** | congestion, May high |
| R1 | 1.2985 | ** | Dec high, channel | S4 | 1.2805/00 | ** | 15 Jun low, congestion |
Asterisk denotes strength of level
02:30 GMT - Extend rejection from the 1.2985 December high to reach resistance turned support at the 1.2930/17 area. Daily studies are unwinding overbought readings and suggest scope for break here to open up room for deeper pullback to support at 1.2900 congestion. Below this will ease the upside pressure and see room for deeper pullback to strong support at the 1.2850/36 congestion and May high. Meanwhile, resistance at 1.2985 high and channel resistance is expected to cap. Clearance will open up room to 1.3000/50 area.