Published: 2026-05-22T02:16:05.000Z
Chart USD/SGD Update: Consolidating, room for lower later
1
Little change, as prices turned up in range from 1.2760 Wednesday's low to consolidate pullback from resistance at the 1.2823/40 resistance
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900 | * | congestion | S1 | 1.2750 | * | congestion |
| R3 | 1.2860 | ** | Nov trendline | S2 | 1.2735 | * | 13 May high |
| R2 | 1.2840 | * | 200-day MA | S3 | 1.2700 | ** | congestion |
| R1 | 1.2823 | * | 29 Apr high | S4 | 1.2650 | ** | 7 May low |
Asterisk denotes strength of level
02:10 GMT - Little change, as prices turned up in range from 1.2760 Wednesday's low to consolidate pullback from resistance at the 1.2823/40 high of 29 April and 200-day MA. Daily studies are unwinding from overbought areas and suggest scope for deeper pullback to support at the 1.2750/35 congestion area. Below this will return focus to the downside for retest of the 1.2700 level and 1.2650, 7 May low. Meanwhile, resistance is lowered to the 1.2800 level which is expected to cap and sustain rejection from the 1.2823/40 resistance and 200-day MA.