Chart USD/SGD Update: Consolidating, but still heavy
Steadied at the 1.2815 low as prices consolidate losses from the 1.2900 resistance and unwind oversold intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085/100 | ** | 12 May high, congestion | S1 | 1.2815 | 20 Jan low | |
| R3 | 1.2980/00 | * | congestion, Aug high | S2 | 1.2800 | * | congestion |
| R2 | 1.2930 | ** | congestion | S3 | 1.2750 | * | congestion |
| R1 | 1.2900 | * | congestion | S4 | 1.2712/00 | ** | Sep, Jul 2025 year lows |
Asterisk denotes strength of level
02:40 GMT - Steadied at the 1.2815 low as prices consolidate losses from the 1.2900 resistance and unwind oversold intraday studies. However, negative daily studies keep pressure on the downside and suggest scope to retest support at the 1.2800 congestion. Break here will extend the losses from the November high and see room to the 1.2750 congestion. Below here will expose strong support at 1.2712/1.2700, September/July lows to retest. Meanwhile, resistance at the 1.2900 level is expected to cap. Would take break here to fade the downside pressure and open up room for stronger gains to retrace losses from the 1.3100 November high.