Published: 2025-08-21T02:02:05.000Z
Chart USD/SGD Update: Higher in consolidaion from 1.2800/1.2790 support
Technical Analyst
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Edging higher from the 1.2800/1.2790 support as prices consolidate losses from the 1.3000 high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085 | * | 12 May high | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.3025 | * | 38.2% Apr/Jul fall | S2 | 1.2745 | ** | 24 Jul low |
| R2 | 1.3000 | ** | congestion, Apr low | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2880/00 | * | 17 Jul high, congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Edging higher from the 1.2800/1.2790 support as prices consolidate losses from the 1.3000 high. Positive daily studies see room to resistance at the 1.2880/00 area. Would take break here to return focus to the 1.3000 level and see scope to further extend the corrective gains from the July current year low. Meanwhile, support at the 1.2800/1.2790 area expected to underpin. Break here will return focus to the downside for retest of the 1.2745 support then 1.2700, 1st July YTD low.