Published: 2025-08-26T02:25:36.000Z
Chart USD/SGD Update: Consolidating test of 1.2800/1.2790 support
Technical Analyst
-
Edged up in range from test of the support at the 1.2800/1.2790 area and the trendline from the July low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3025 | * | 38.2% Apr/Jul fall | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2745 | ** | 24 Jul low |
| R2 | 1.2940 | * | Jun high | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2900 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Edged up in range from test of the support at the 1.2800/1.2790 area and the trendline from the July low. Consolidation here is expected to give way to fresh selling pressure later where break will confirm a top in place at the 1.3000 high of 1st August. Break will return focus to the downside for retest of support at 1.2745 and 1.2700, July lows. Below these will extend the broader losses from the March 2020 year high and see room to 1.2650/00 area. Meanwhile, resistance is at the 1.2900 congestion is expected to cap and sustain losses from 1.3000 lower high.