Published: 2026-05-12T02:24:33.000Z
Chart USD/SGD Update: Turned up from the 1.2667/50 support
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Extend bounce from support at the 1.2667/50 April low and congestion area
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2823 | ** | 29 Apr high | S1 | 1.2667 | ** | Apr low |
| R3 | 1.2800 | * | congestion | S2 | 1.2650 | * | congestion |
| R2 | 1.2750 | * | congestion | S3 | 1.2586 | ** | 28 Jan YTD low |
| R1 | 1.2700 | * | congestion | S4 | 1.2550 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - Extend bounce from support at the 1.2667/50 April low and congestion area as prices consolidate losses from the 1.2823 high of 29 April. Above the 1.2700 level opens up room for strong bounce to resistance at 1.2750 congestion. However, gains are expected to give way to renewed selling pressure later. Break of the 1.2667/50 support will see room for extension to retest the 1.2600 level and the 1.2586 current year low of 28 Janaury where reaction can be expected. Below this will see room to extend losses to the 1.2550/1.2500 congestion area.