Published: 2025-09-08T02:27:46.000Z
Chart USD/SGD Update: Extend consolidation within 1.2900/1.2800 range
Technical Analyst
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Turned back in range from retest of the 1.2900 resistance as prices extend choppy trade within the 1.2900/1.2800 area
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | * | 38.2% Jan/Jul fall | S1 | 1.2815 | * | 28 Aug low |
| R3 | 1.3000/10 | ** | Aug high, 21 Apr low | S2 | 1.2800/90 | * | May, 2024 year lows |
| R2 | 1.2940 | * | Jun high | S3 | 1.2745 | ** | 24 Jul low |
| R1 | 1.2900 | ** | congestion | S4 | 1.2700 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
02:20 GMT - Turned back in range from retest of the 1.2900 resistance as prices extend choppy trade within the 1.2900/1.2800 area. Pullback see support starting at 1.2815 then the 1.2800/1.2790 area which should underpin. Would take break here to return focus to the downside to extend rejection from the 1.3000 high for retest of support at 1.2745 and then 1.2700, July YTD low. Meanwhile, resistance at the 1.2900 congestion is expected to cap and sustain the bearish rejection from 1.3000 swing high.