Published: 2025-08-08T02:23:43.000Z
Chart USD/SGD Update: Extending losses
Technical Analyst
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Pressure remains on the downside as prices extend losses from the 1.3000 high towards 1.2800/1.2790
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085 | * | 12 May high | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.3025 | * | 38.2% Apr/Jul fall | S2 | 1.2745 | ** | 24 Jul low |
| R2 | 1.3000 | ** | congestion, Apr low | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2880/00 | * | 17 Jul high, congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - Pressure remains on the downside as prices extend losses from the 1.3000 high towards the 1.2800/1.2790, congestion and 2024 year low. Daily studies are tracking lower and threatens break here to return focus to the downside for retest of the 1.2745 support and 1.2700, 1 Jul YTD low. Would expect reaction here while break will extend the broader losses from the 2020 multi-year high. Meanwhile, resistance is lowered to the 1.2880/00 area which is expected to cap and sustain losses from the 1.3000 swing high.