Published: 2025-07-21T02:12:30.000Z
Chart USD/SGD Update: Limited above 1.2860 resistance
Technical Analyst
-
Limited on break above 1.2860 resistance as prices consolidate below the 1.2900 level
| 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 | 1.2882 | * | 17 Jul high | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2860 | congestion | S4 | 1.2676 | * | Oct 2014 low |
Asterisk denotes strength of level
02:10 GMT - Limited on break above 1.2860 resistance as prices consolidate below the 1.2900 level and unwind overbought intraday and daily studies. Positive tone above the 1.2800 level keeps pressure on the upside and suggest room to extend gains from the 1.2700 low. Above the 1.2882 high will see room to congestion at the 1.2900 level then the 1.2940, June high. Corrective gains are expected to give way to fresh selling pressure later and where break of the 1.2800 level will return focus to the 1.2763 support and 1.2700 low.