Published: 2026-07-02T02:11:48.000Z
Chart USD/SGD Update: Consolidating, room for lower later
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Turned up from test of the 1.2930/17 support as prices consolidate losses from the 1.2985 high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | ** | Nov high | S1 | 1.2930/17 | * | Mar, 8 June highs |
| R3 | 1.3050 | * | congestion | S2 | 1.2900 | * | congestion |
| R2 | 1.3000 | ** | figure, congestion | S3 | 1.2850/36 | ** | congestion, May high |
| R1 | 1.2985 | ** | Dec high, channel | S4 | 1.2805/00 | ** | 15 Jun low, congestion |
Asterisk denotes strength of level
02:10 GMT - Turned up from test of the 1.2930/17 support as prices consolidate losses from the 1.2985 high. Daily studies are unwinding overbought readings and suggest consolidation giving way to renewed selling pressure later. Below 1.2930/17 support will open up room for deeper pullback to the 1.2900 congestion. Break here will see room for deeper pullback to strong support at the 1.2850/36 congestion and May high. Meanwhile, resistance at 1.2985 high and channel resistance expected to cap. Clearance will see room for extension to 1.3000/50 area.