Published: 2025-07-10T02:07:11.000Z
Chart USD/SGD Update: Consolidating, room to extend corrective bounce
Technical Analyst
1
Little change, as prices extend consolidation at the 1.2800 level following bounce from the 1.2700 low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | * | congestion, Apr low | S1 | 1.2763 | * | 12 Jun low |
| R3 | 1.2940 | ** | Jun high | S2 | 1.2700 | ** | 1 Jul YTD low |
| R2 | 1.2860 | * | 5 May low | S3 | 1.2676 | * | Oct 2014 low |
| R1 | 1.2800 | * | 26 May low | S4 | 1.2600 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Little change, as prices extend consolidation at the 1.2800 level following bounce from the 1.2700 low. Break here will see room for stronger corrective bounce to retrace losses from the 1.3550, April high. Clearance will open up room to the 1.2860/1.2900 congestion then the 1.2940, June high. Corrective bounce expected to give way to renewed selling pressure later with support starting at the 1.2763, 12 June low. This should underpin, while break here will expose the 1.2700 low to retest and see scope to further extend losses from the multi-year top pattern at 1.4646, 2020 year high.