Published: 2025-07-16T02:32:03.000Z
Chart USD/SGD Update: Room to extend gains
Technical Analyst
-
Further extending break above the 1.2800 level to further retrace losses from the April high to reach 1.2860 resistance
| 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
02:25 GMT - Further extending break above the 1.2800 level to further retrace losses from the April high to reach 1.2860 resistance. Consolidation here see prices unwinding overbought intraday studies but this is expected to give way to renewed buying interest later. Clearance will see room to the 1.2900 congestion and the 1.2940, June high. Corrective gains are expected to give way to renewed 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.