Published: 2026-07-16T02:10:32.000Z
Chart USD/SGD Update: Under pressure, 1.2875 low at risk
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Under pressure as close below the 1.2900 level see risk for break of the 1.2875 low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000 | ** | figure, congestion | S1 | 1.2875 | * | 14 Jul low |
| R3 | 1.2990 | ** | 24 Jun YTD high | S2 | 1.2850 | * | congestion |
| R2 | 1.2930/50 | * | Mar high, congestion | S3 | 1.2836 | ** | May high |
| R1 | 1.2900 | * | congestion | S4 | 1.2805/00 | ** | 15 Jun low, congestion |
Asterisk denotes strength of level
02:00 GMT - Under pressure as close below the 1.2900 level see risk for break of the 1.2875 low to further retrace the May/June rally. Lower will see room to strong support at the 1.2850/36 congestion and May high where reaction is expected. However, negative daily and weekly studies suggest scope for break and see extension to the 1.2805 low of 15 June. Meanwhile, resistance is lowered to 1.2900/30 congestion and March high which should cap corrective bounce and sustain losses from the 1.2990 high and channel top.