Published: 2026-01-28T02:28:41.000Z
Chart USD/SGD Update: Consolidating at 1.2590 low
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Consolidation at the 1.2700 level has seen follow-through to reach fresh low at 1.2590
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2850 | * | congestion | S1 | 1.2590 | * | 27 Jan YTD low |
| R3 | 1.2790/00 | ** | 6 Jan low, congestion | S2 | 1.2550 | * | congestion |
| R2 | 1.2750 | * | congestion | S3 | 1.2500 | * | congestion |
| R1 | 1.2700 | ** | Jul 2025 year low | S4 | 1.2455/50 | * | Apr/May 2014 lows |
Asterisk denotes strength of level
02:20 GMT - Consolidation at the 1.2700 level has seen follow-through to reach fresh low at 1.2590. Consolidation here see prices unwinding oversold intraday studies following sharp drop from the 1.2900 high. However, pressure remains on the downside and lower will see room for extension to support at the 1.2550/1.2500 area. Stretched daily and weekly studies caution corrective bounce but upside likely to remain limited with resistance starting at 1.2700/50 area. Only above here will open up room for stronger bounce to 1.2790/1.2800, 6 January low and congestion area.