Published: 2026-05-28T16:25:49.000Z
Chart USD/SGD Update: Choppy in range - daily studies under pressure
1
The test of congestion resistance at 1.2800 has been sharply rejected
| 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
17:20 BST - The test of congestion resistance at 1.2800 has been sharply rejected, as overbought intraday studies unwind, with selling interest currently putting focus on congestion support at 1.2750. Daily stochastics and the daily Tension Indicator are falling, highlighting room for a test beneath here. But rising weekly charts should limit any immediate break in renewed consolidation above further congestion around 1.2700. Meanwhile, resistance remains at 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.