Published: 2025-07-17T02:24:24.000Z
Chart USD/SGD Update: Room to extend gains
Technical Analyst
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Limited on break above 1.2860 resistance as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | ** | congestion, Apr low | S1 | 1.2800 | * | May low, congestion |
| R3 | 1.2940 | ** | Jun high | S2 | 1.2763 | * | 12 Jun low |
| R2 | 1.2900 | congestion | S3 | 1.2700 | ** | 1 Jul YTD low | |
| R1 | 1.2860 | * | 5 May low | S4 | 1.2676 | * | Oct 2014 low |
Asterisk denotes strength of level
02:20 GMT - Limited on break above 1.2860 resistance as prices unwind overbought intraday studies. Positive tone above the 1.2800 level keeps pressure on the upside and suggest room to extend gains from the 1.2700 low. Clearance will see extension to congestion at the 1.2900 level then the 1.2940, June high. Corrective gains are expected to give way to fresh selling pressure later with support starting at the 1.2800 level and where break will expose the 1.2763 support and 1.2700 low to retest.