Published: 2026-02-03T02:09:17.000Z
Chart USD/SGD Update: Still room to extend corrective bounce
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Settled back from approach of resistance at the 1.2750 congestion as prices consolidate gains from the 1.2586, January current year low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900 | ** | Jan high, congestion | S1 | 1.2700 | * | Jul 2025 year low |
| R3 | 1.2850 | * | congestion | S2 | 1.2650 | * | congestion |
| R2 | 1.2790/00 | ** | 6 Jan low, congestion | S3 | 1.2586 | ** | 28 Jan YTD low |
| R1 | 1.2750 | * | congestion | S4 | 1.2550 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Settled back from approach of resistance at the 1.2750 congestion as prices consolidate gains from the 1.2586, January current year low. Daily studies are tracking higher from oversold areas and further gains to the 1.2750 congestion and strong resistance at 1.2790/00 area cannot be ruled out. However, corrective gains are expected to give way to fresh selling pressure later. Below the 1.2700 level will return focus to the downside for retest of the 1.2600 level and 1.2586 low and further extend the broader losses from the 2020 year high.