Published: 2026-08-04T02:14:21.000Z
Chart USD/SGD Update: Consolidating recent losses
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No follow-through on break of the 1.2805 support as prices turned up from support at 1.2788, 2024 year low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2930 | ** | Mar high, congestion | S1 | 1.2805 | * | 15 Jun low |
| R3 | 1.2900 | * | congestion | S2 | 1.2788 | * | 2024 year low |
| R2 | 1.2875 | ** | 14 Jul low | S3 | 1.2750 | * | congestion |
| R1 | 1.2836/50 | * | May high, congestion | S4 | 1.2700 | ** | congestion, 2025 yr low |
Asterisk denotes strength of level
02:10 GMT - No follow-through on break of the 1.2805 support as prices turned up from support at 1.2788, 2024 year low. Bounce here see prices consolidating losses from above the 1.2930 high of last week and unwinding oversold intraday. The daily studies are stretched as well but resistance 1.2836/50 congestion area expected to cap. Only above will see room for stronger corrective bounce to the 1.2875 mid-July low. Corrective gains are expected to give way to renewed selling pressure later. Below 1.2788 support will see room to 1.2750 congestion then 1.2700 level and 2025 year low.