Published: 2025-08-27T02:42:01.000Z
Chart USD/SGD Update: Range-bound within 1.2900/1.2800 area
Technical Analyst
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Higher in range from test of the 1.2800/1.2790 support and trendline from the July low
| 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 | 1.2900 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:35 GMT - Higher in range from test of the 1.2800/1.2790 support and trendline from the July low. Bounce see room for retest of resistance at the 1.2900 level which is expected to cap. Clearance here will open up room for retest of the 1.2940 June high then the 1.3000 level. Meanwhile, support at the 1.2800/1.2790 lows now underpin. Would take break here to expose the 1.2745 and 1.2700 July lows to retest. Below these will extend the broader losses from the March 2020 year high and see room to 1.2650/00 area.