Published: 2025-08-06T02:12:47.000Z
Chart USD/SGD Update: Consolidating, but still heavy
Technical Analyst
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Limited on break of the 1.2900/1.2882 support as prices consolidate losses from the 1.3000 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085 | * | 12 May high | S1 | 1.2850/00 | * | congestion, May low |
| 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 | 1.2900 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Limited on break of the 1.2900/1.2882 support as prices consolidate losses from the 1.3000 level. Prices are unwinding oversold intraday studies but pressure remains on the downside and lower will see room to the 1.2850/00 congestion. Daily studies are tracking lower from overbought areas and threatens break here to return focus to the downside for retest of the 1.2745 support and 1.2700, 1 Jul YTD low. Meanwhile, resistance is lowered to the 1.2900 level which is expected to cap and sustain losses from the 1.3000 swing high.