Published: 2025-06-30T02:24:47.000Z
Chart USD/SGD Update: Range-bound above 1.2717, multi-year low
Technical Analyst
1
Range-bound above the 1.2717 low as prices consolidate losses from the 1.2940 high of last week
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2940 | ** | 23 Jun high | S1 | 1.2717 | ** | 26 Jun YTD low |
| R3 | 1.2900 | * | congestion | S2 | 1.2700 | * | congestion |
| R2 | 1.2860 | * | 5 May low | S3 | 1.2676 | * | Oct 2014 low |
| R1 | 1.2800 | * | 26 May low | S4 | 1.2600 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - Range-bound above the 1.2717 low as prices consolidate losses from the 1.2940 high of last week. However, bearish momentum from the latter keeps focus on the downside and break will extend losses from the multi-year top pattern at 1.4646, 2020 year high. Break will retrace the 2011/2020 gains and see extension to support at 1.2700 congestion and 1.2676, low of October 2014. Meanwhile, resistance is at the 1.2800 level and regaining this is needed to ease the downside pressure and see room for stronger bounce to resistance at 1.2860/1.2900 congestion.