Published: 2025-09-09T02:30:43.000Z
Chart USD/SGD Update: Under pressure, 1.2800 level at risk
Technical Analyst
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Under pressure as break of the July trendline and 1.2815 support turn focus to the 1.2800 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | ** | Aug high, 21 Apr low | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.2940 | * | Jun high | S2 | 1.2745 | * | 24 Jul low |
| R2 | 1.2900 | ** | congestion | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2850 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - Under pressure as break of the July trendline and 1.2815 support turn focus to the 1.2800 level. Negative daily and weekly studies highlights risk for break here to extend losses from the 1.3000, August swing high. Lower will turn focus to the 1.2745 support with potential seen for extension to retest the 1.2700, July current year low. Meanwhile, resistance is lowered to the 1.2850/60 congestion area which is expected to cap and sustain losses from resistance at the 1.2900 congestion.