Published: 2026-07-14T02:07:01.000Z
Chart USD/SGD Update: Extend bounce from the 1.2900
1
Bounce from the 1.2900 level to break the 1.2930 March high has seen extension to reach 1.2950 resistance
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3050 | * | congestion | S1 | 1.2900 | * | congestion |
| R3 | 1.3000 | ** | figure, congestion | S2 | 1.2850 | * | congestion |
| R2 | 1.2990 | ** | Jun YTD high | S3 | 1.2836 | ** | May high |
| R1 | 1.2950 | * | congestion | S4 | 1.2805/00 | ** | 15 Jun low, congestion |
Asterisk denotes strength of level
02:00 GMT - Bounce from the 1.2900 level to break the 1.2930 March high has seen extension to reach 1.2950 resistance. Break here will see scope for retest of the 1.2990 high and further extend strong gains from the May swing lower to the 1.3000 figure and channel top from the January low . Meanwhile, support remains at the 1.2900 level. Would take break here to open up room for deeper pullback to retrace strong gains from the May swing low. Lower will see room to the 1.2850 congestion then the strong support at 1.2836/1.2805 area.