Published: 2026-07-17T02:37:47.000Z
Chart USD/SGD Update: Range-bound in consolidation
1
Little change, as prices edged up from the 1.2875 low to consolidate at the 1.2900 level
| 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 | 1.2950 | * | congestion | S3 | 1.2836 | ** | May high |
| R1 | 1.2930 | * | Mar high | S4 | 1.2805/00 | ** | 15 Jun low, congestion |
Asterisk denotes strength of level
02:30 GMT - Little change, as prices edged up from the 1.2875 low to consolidate at the 1.2900 level. This is expected to give way to renewed selling pressure later to extend losses from the 1.2990 high and channel top. 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 at the 1.2900/30 congestion and March high should cap corrective bounce and sustain losses from the 1.2990 high.