Published: 2025-08-12T15:48:50.000Z
Chart USD/SGD Update: Cautious trade - daily studies leaning lower
Technical Analyst
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Little change, as prices extend cautious trade within the 1.2800 - 1.2900 range
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085 | * | 12 May high | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.3025 | * | 38.2% Apr/Jul fall | S2 | 1.2745 | ** | 24 Jul (w) low |
| R2 | 1.3000 | ** | congestion, Apr low | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2880/00 | * | 17 Jul high, congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
16:25 BST - Little change, as prices extend cautious trade within the 1.2800 - 1.2900 range. Daily stochastics and the daily Tension Indicator are under pressure, highlighting room for a break beneath here. Focus will then turn to the 1.2745 weekly low of 524 July. However, rising weekly charts should limit any deeper losses in consolidation above critical multi-year support at the 1.2700 current year low of 1 July. Meanwhile, resistance remains up to 1.2900. An unexpected close above here will help to stabilise price action and prompt fresh consolidation beneath 1.3000.