Published: 2026-07-08T02:45:42.000Z
Chart USD/SGD Update: Consolidating, room for lower
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Edged higher in consolidation above the 1.2900 level but shallow bounce suggest this giving way to renewed selling pressure later
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3050 | * | congestion | S1 | 1.2900 | * | congestion |
| R3 | 1.3000 | ** | figure, congestion | S2 | 1.2850 | * | congestion |
| R2 | 1.2990 | ** | Jun YTD high | S3 | 1.2836 | ** | May high |
| R1 | 1.2950 | * | congestion | S4 | 1.2805/00 | ** | 15 Jun low, congestion |
Asterisk denotes strength of level
02:40 GMT - Edged higher in consolidation above the 1.2900 level but shallow bounce suggest this giving way to renewed selling pressure later. Daily studies are tracking lower from overbought areas and suggest scope for break here to extend losses from the 1.2990 June current year. Lower will see room for extension to strong support at the 1.2850/36 congestion and May high and the 1.2805/00 area. Meanwhile, resistance at the 1.2930/50 congestion and March high is expected to cap and sustain pullback from the 1.2985 high and channel resistance.