Published: 2025-06-23T02:40:15.000Z
Chart USD/SGD Update: Pressuring 1.2900/20 resistance, room for higher
Technical Analyst
1
Starting the week on a firm footing as prices return to pressure resistance at the 1.2900/20 area
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3060 | * | 38.2% Apr/Jun fall | S1 | 1.2850 | * | congestion |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2800 | * | congestion |
| R2 | 1.2980 | * | 29 May high | S3 | 1.2763 | ** | 12 Jun YTD low |
| R1 | 1.2900/20 | * | congestion | S4 | 1.2700 | * | congestion from Oct 2014 |
Asterisk denotes strength of level
02:35 GMT - Starting the week on a firm footing as prices return to pressure resistance at the 1.2900/20 area. Positive daily studies suggest scope for break here to open up room for strong gains to retrace losses from the 1.3550, April high. Clearance will see room for extension to 1.2980, 29 May high, then 1.3000/10 congestion. Higher still, will see room to 1.3060, 38.2% Fibonacci level. Meanwhile, support is raised to the 1.2850 congestion which should underpin and sustain corrective bounce from the 1.2763, 12 Jun YTD low.