Published: 2025-06-13T02:15:04.000Z
Chart USD/SGD Update: Consolidating at 1.2763, fresh multi-year low
Technical Analyst
2
Break of the 1.2800 level and 1.2790 the 2024 year low, has seen losses to reach fresh multi year low at 1.2763
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | ** | congestion, Apr low | S1 | 1.2763 | ** | 12 Jun YTD low |
| R3 | 1.2950 | * | congestion | S2 | 1.2700 | * | congestion from Oct 2014 |
| R2 | 1.2900 | * | congestion | S3 | 1.2677 | * | Oct 2014 low |
| R1 | 1.2850/61 | * | congestion, 5 May low | S4 | 1.2600 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Break of the 1.2800 level and 1.2790 the 2024 year low, has seen losses to reach fresh multi year low at 1.2763. Prices have edged up to consolidate at the 1.2800 level but this is expected to give way to renewed selling pressure later to extend losses from the March 2020 year high. However, both daily and weekly studies are stretched and caution corrective bounce. Meanwhile, resistance is lowered to 1.2850/61 congestion and regaining this is needed to ease the downside pressure and open up room for stronger bounce to 1.2900/1.2950 area then the strong resistance at 1.3000/10.