Published: 2025-09-18T02:08:08.000Z
Chart USD/SGD Update: Turned up in consolidation from 1.2745/1.2700 lows
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No follow-through on break of the 1.2745 support and bounce from the 1.2712 low see prices consolidating losses from the 1.2900 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2940 | * | Jun high | S1 | 1.2745 | * | 24 Jul low |
| R3 | 1.2900 | ** | congestion | S2 | 1.2700 | ** | 1 Jul YTD low |
| R2 | 1.2850/55 | * | congestion, 11 Sep high | S3 | 1.2650 | * | congestion |
| R1 | 1.2800 | * | congestion | S4 | 1.2600 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - No follow-through on break of the 1.2745 support and bounce from the 1.2712 low see prices unwinding oversold intraday and daily studies and consolidating losses from the 1.2900 level. Resistance starts at the 1.2800 level and regaining this will open up room for stronger bounce to the 1.2850/55 area. Gains are seen corrective and lower high sought to further pressure the downside later for retest of the 1.2745 support and 1.2700, July current year low. Break of the latter will extend the broader losses from the March 2020 high.