Published: 2026-05-27T16:34:35.000Z
Chart USD/SGD Update: Consolidating - daily studies under pressure
1
Little change, as prices extend cautious trade within the 1.2750 - 1.2800 range
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900 | * | congestion | S1 | 1.2750 | * | congestion |
| R3 | 1.2850 | * | congestion | S2 | 1.2735 | * | 13 May high |
| R2 | 1.2836 | ** | 19 May (w) high | S3 | 1.2700 | ** | congestion |
| R1 | 1.2800 | * | congestion | S4 | 1.2650 | ** | 7 May low |
Asterisk denotes strength of level
17:15 BST - Little change, as prices extend cautious trade within the 1.2750 - 1.2800 range. Daily stochastics and the daily Tension Indicator are falling, highlighting room for a test of congestion support at 1.2750. But rising weekly charts should limit any immediate break in renewed consolidation above further congestion around 1.2700. Meanwhile resistance remains at congestion around 1.2800. However, a close above the 1.2836 weekly high of 19 May is needed to turn sentiment positive and extend early-May gains towards 1.2850.