Published: 2026-08-12T07:10:34.000Z
Chart USD/PHP Updates: Extend corrective bounce from 60.600 low
1
Turned up from the 60.600 low as prices consolidate losses from the 61.860 high of July to reach 61.370 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 61.930 | ** | 5 Jun YTD high | S1 | 61.000 | * | 7 Aug high | |
| R3 | 61.860 | ** | Jul high | S2 | 60.600 | ** | 5 Aug low | |
| R2 | 61.750 | * | May high | S3 | 60.500 | * | congestion | |
| R1 | 61.500 | * | congestion | S4 | 60.240/170 | ** | May, Jun lows |
Asterisk denotes strength of level
07:00 GMT - Turned up from the 60.600 low as prices consolidate losses from the 61.860 high of July to reach 61.370 high. Nearby see strong resistance at the 61.500/61.750 congestion and May high expected to cap corrective gains and give way to fresh selling pressure later. Meanwhile, support is raised to the 61.000 level where break here will return focus to the downside for retest of the 60.600 low. Below the latter will see room for deeper pullback to 60.500 congestion but potential will be for retest of strong support at the 60.240/60.170, May/June lows.