Published: 2026-05-05T02:34:32.000Z
Chart USD/SGD Update: Higher in choppy trade
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Extend bounce from above support at the 1.2700 level and lift over the 1.2750 congestion see room to retest the 1.2800 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900 | * | congestion | S1 | 1.2700 | ** | 19 Feb high, 2025 yr low |
| R3 | 1.2850 | * | congestion, 200-day MA | S2 | 1.2667 | ** | Apr low |
| R2 | 1.2823 | ** | 29 Apr high | S3 | 1.2650 | * | congestion |
| R1 | 1.2800 | * | congestion | S4 | 1.2586 | ** | 28 Jan YTD low |
Asterisk denotes strength of level
02:25 GMT - Extend bounce from above support at the 1.2700 level and lift over the 1.2750 congestion see room to retest the 1.2800 level and 1.2823 high of last week which is expected to cap. Break here, if seen, will open up room for stronger gains to the 1.2850 resistance and 200-day MA. Gains are seen corrective and expected to give way to renewed selling pressure later. Meanwhile, support is raised to the 1.2750/1.2700 area. Would take break here to expose the 1.2667 April low to retest. Below here will return focus to the 1.2600 level and 1.2586 current year low of 28 January.