Published: 2025-08-22T02:14:43.000Z
Chart USD/SGD Update: Extending bounce from 1.2800/1.2790 support
Technical Analyst
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Pressing higher from the 1.2800/1.2790 support to retest the 1.2900 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3025 | * | 38.2% Apr/Jul fall | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2745 | ** | 24 Jul low |
| R2 | 1.2940 | * | Jun high | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2880/00 | * | 17 Jul high, congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Pressing higher from the 1.2800/1.2790 support to retest the 1.2900 level. s consolidate losses from the 1.3000 high. Positive daily and weekly studies suggest scope for break here to open up room to retest the June high at 1.2940. Beyond this will return focus to strong resistance at the 1.3000/10 congestion and April low. Clearance will open up room for stronger corrective gains to retrace January/July fall. current year low. Meanwhile, support at the 1.2800/1.2790 area expected to underpin and sustain gains from 1.2700, July low.