Published: 2025-08-19T01:57:02.000Z
Chart USD/SGD Update: Higher in consolidation from 1.2800/1.2790 area
Technical Analyst
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Edging higher in range from the 1.2800/1.2790 support as prices consolidate losses from the 1.3000 high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085 | * | 12 May high | S1 | 1.2800/90 | * | May, 2024 year lows |
| 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 | 1.2880/00 | * | 17 Jul high, congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Edging higher in range from the 1.2800/1.2790 support as prices consolidate losses from the 1.3000 high and unwind the oversold intraday and daily studies. Bounce see resistance at the 1.2880/00 area which is expected to cap. Would take break here to return focus to the 1.3000 level and see scope to further extend the broader gains from the July current year low. Meanwhile, support at the 1.2800/1.2790 lows now underpin. Break here will return focus to the downside for retest of the 1.2745 support then the 1 July YTD low at the 1.2700 level.