Published: 2026-02-04T02:30:55.000Z
Chart USD/SGD Update: Settling back from 1.2745/50 resistance
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Leaning lower from test of resistance at the 1.2745/50, 50% Fibonacci level and congestion
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2850 | * | congestion | S1 | 1.2650 | * | congestion |
| R3 | 1.2790/00 | ** | 6 Jan low, congestion | S2 | 1.2586 | ** | 28 Jan YTD low |
| R2 | 1.2780 | * | 61.8% Jan fall | S3 | 1.2550 | * | congestion |
| R1 | 1.2745/50 | * | 50% Jan fall, congestion | S4 | 1.2500 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Leaning lower from test of resistance at the 1.2745/50, 50% Fibonacci level and congestion. Daily studies are tracking higher and further gains cannot be ruled out to strong resistance at 1.2780/1.2790, 61.8% Fibonacci level and 6 January low. Meanwhile, support is at the 1.2700/1.2650 congestion. Below this will return focus to the downside for retest of the 1.2600 level and 1.2586 low. Break of these will extend the broader losses from the 2020 year high and see room to the 1.2550/00 congestion area.