Published: 2026-01-27T02:38:16.000Z
Chart USD/SGD Update: Consolidating break to 11-year lows
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Break of support at 1.2700 saw prices reaching fresh 11-year lows before stabilising at 1.2675, October 2014 low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900 | ** | 16 Jan high, congestion | S1 | 1.2675 | * | Oct 2014 low |
| R3 | 1.2850 | * | congestion | S2 | 1.2620 | * | 76.4% 2011/2020 rally |
| R2 | 1.2790/00 | ** | 6 Jan low, congestion | S3 | 1.2600 | * | congestion |
| R1 | 1.2750 | * | congestion | S4 | 1.2550 | * | congestion |
Asterisk denotes strength of level
02:30 GMT - Break of support at 1.2700 saw prices reaching fresh 11-year lows before stabilising at 1.2675, October 2014 low. Prices has since settled into consolidation around the 1.2700 level to unwind oversold intraday studies. However, pressure remains on the downside and lower will see room for extension to support at 1.2620/00, 76.4% Fibonacci level and congestion area. Oversold daily and weekly studies caution corrective bounce with resistance starting at 1.2750. Break here will open up room to strong resistance at 1.2790/1.2800, 6 January low and congestion area.