Published: 2025-05-23T02:10:42.000Z
Chart USD/SGD Update: Higher in range above 1.2861, current year low
Technical Analyst
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Higher in range as prices extend consolidation above the 1.2861, 5 May YTD low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100/30 | * | congestion, 1 May high | S1 | 1.2861 | ** | 5 May YTD low |
| R3 | 1.3085 | ** | 12 May high | S2 | 1.2790 | ** | Sep 2024 multi-year low |
| R2 | 1.3000/10 | * | congestion, Apr low | S3 | 1.2700 | * | congestion from Oct 2014 |
| R1 | 1.2950 | * | congestion | S4 | 1.2676 | * | Oct 2014 low |
Asterisk denotes strength of level
02:10 GMT - Higher in range as prices extend consolidation above the 1.2861, 5 May YTD low. Prices are unwinding oversold intraday and daily studies but gains are likely to remain limited with resistance starting at the 1.2950 congestion ahead of the 1.3000/10 congestion and April low which is expected to cap and sustain losses from the 1.3085 high of last week. Meanwhile, a later break of the 1.2861 low will open up room for retest of the September 2024 multi-year low at 1.2790 where reaction can be expected.