Published: 2026-08-18T02:33:36.000Z
Chart USD/SGD Update: Consolidating, but still heavy
1
Turned back up from test of support at 1.2750 as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2875 | ** | 14 Jul low | S1 | 1.2767 | * | 7 Aug low |
| R3 | 1.2850 | * | congestion | S2 | 1.2750 | * | congestion |
| R2 | 1.2836 | ** | May high | S3 | 1.2700 | ** | congestion, 2025 yr low |
| R1 | 1.2800 | congestion | S4 | 1.2650 | ** | May low |
Asterisk denotes strength of level
02:30 GMT - Turned back up from test of support at 1.2750 as prices unwind oversold intraday studies. However, bearish structure from the 1.2990 June current year high keep pressure on the downside to retrace the May/June rally. Below 1.2750 will turn focus to strong support at the 1.2700 congestion and 2025 year low. Lower still, will see room to the 1.2650, May low. Meanwhile, resistance is lowered to the 1.2790/1.2800 area. Regaining this will open up room for stronger bounce and see consolidation back to resistance at the 1.2836 May high which is expected to cap and sustain losses from 1.2990 high.