Published: 2025-09-10T02:29:39.000Z
Chart USD/SGD Update: Consolidating test of 1.2800/1.2790 support
Technical Analyst
-
Break of the July trendline at 1.2815 saw losses to retest support at the 1.2800/1.2790 area
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | ** | Aug high, 21 Apr low | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.2940 | * | Jun high | S2 | 1.2745 | * | 24 Jul low |
| R2 | 1.2900 | ** | congestion | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2850 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Break of the July trendline at 1.2815 saw losses to retest support at the 1.2800/1.2790 area. Bounce here see prices unwinding oversold intraday studies but the negative daily and weekly studies highlights risk for a later break to extend losses from the 1.3000, August swing high. Lower will turn focus to the 1.2745 support and see potential for extension to retest the 1.2700, July current year low. Meanwhile, resistance is lowered to the 1.2850/60 congestion area which is expected to cap and sustain losses from the 1.2900 congestion.