Published: 2025-08-20T02:24:59.000Z
Chart USD/SGD Update: Edging higher from 1.2800/1.2790 support
Technical Analyst
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Pressing higher in range from the 1.2800/1.2790 support as prices consolidate losses from the 1.3000 high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085 | * | 12 May high | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.3025 | * | 38.2% Apr/Jul fall | S2 | 1.2745 | ** | 24 Jul low |
| R2 | 1.3000 | ** | congestion, Apr low | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2880/00 | * | 17 Jul high, congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - Pressing higher in range from the 1.2800/1.2790 support as prices consolidate losses from the 1.3000 high and unwind oversold intraday and daily studies. Nearby see resistance at the 1.2880/00 area. Would take break here to return focus to the 1.3000 level and see scope to further extend the corrective gains from the July current year low. Meanwhile, break of support at the 1.2800/1.2790 area will return focus to the downside for retest of the 1.2745 support and 1.2700, 1st July YTD low.