Chart USD/SGD Update: Pressuring resistance at 1.2900
Extending bounce from support at the 1.2800/1.2790 area to reach resistance at the 1.2900 congestion
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085/100 | ** | 12 May high, congestion | S1 | 1.2800 | * | congestion |
| R3 | 1.2980/00 | * | congestion, Aug high | S2 | 1.2750 | * | congestion |
| R2 | 1.2930 | ** | congestion | S3 | 1.2712/00 | ** | Sep, Jul 2025 year lows |
| R1 | 1.2900 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Extending bounce from support at the 1.2800/1.2790 area to reach resistance at the 1.2900 congestion. Clearance here will open up room for stronger bounce to retrace losses from the 1.3100, November high. Higher will see room to strong resistance at 1.2930 congestion which is expected to cap. Break here will open up room for stronger gains to the 1.2980/1.3000 resistance. Corrective gains are expected to give way to fresh selling pressure later to retest support at the 1.2850/00 area. Below this will open up room for deeper pullback to 1.2750 congestion but focus will return to the 1.2712/1.2700, September/July lows.