Published: 2025-08-04T02:35:41.000Z
Chart USD/SGD Update: Under pressure
Technical Analyst
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Under pressure following rejection from test of the 1.3000 level on Friday
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085 | * | 12 May high | S1 | 1.2800 | * | May low, congestion |
| R3 | 1.3025 | * | 38.2% Apr/Jul fall | S2 | 1.2745 | ** | 24 Jul low |
| R2 | 1.3000 | ** | congestion, Apr low | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2900 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:30 GMT - Under pressure following rejection from test of the 1.3000 level on Friday. Break of the 1.2900/1.2882 support see prices reversing strong bounce from 1.2745 support and see room for pullback to support at the 1.2800 congestion. Daily studies have turned down from overbought areas and threatens break here to return focus to the 1.2745 and 1.2700, 24 July and 1 Jul YTD lows. Meanwhile, resistance at the 1.2900 level is expected to cap and sustain losses from the 1.3000 swing high.