Published: 2025-07-23T02:05:52.000Z
Chart USD/SGD Update: Extending pullback from 1.2882 high
Technical Analyst
-
Under pressure, as prices extend pullback from the 1.2882 high of last week
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2940 | ** | Jun high | S1 | 1.2763 | * | 12 Jun low |
| R3 | 1.2882 | * | 17 Jul high | S2 | 1.2700 | ** | 1 Jul YTD low |
| R2 | 1.2860 | * | congestion | S3 | 1.2676 | * | Oct 2014 low |
| R1 | 1.2800 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Under pressure, as prices extend pullback from the 1.2882 high of last week. Break of the 1.2800 level see room for retest of 1.2763 support. Below this will expose the 1.2700 current year low to retest and see scope to further extend losses from the large top pattern from March 2020 year high. Lower will see room for extension to 1.2650/00 congestion. Meanwhile, resistance is lowered to 1.2800 level which is expected to cap and sustain losses from the 1.2860/82 congestion and high of last week.