Published: 2025-05-27T02:21:01.000Z
Chart USD/SGD Update: Weighing on 1.2800/1.2790 critical support
Technical Analyst
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Break to fresh year low weighing on critical support at the 1.2800/1.2790, September 2024 multi-year low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | ** | congestion, Apr low | S1 | 1.2790 | ** | Sep 2024 multi-year low |
| R3 | 1.2950 | * | congestion | S2 | 1.2700 | * | congestion from Oct 2014 |
| R2 | 1.2900 | * | congestion | S3 | 1.2676 | * | Oct 2014 low |
| R1 | 1.2861 | * | 5 May low | S4 | 1.2600/90 | * | congestion, 16 Sep 2014 low |
Asterisk denotes strength of level
02:20 GMT - Break to fresh year low weighing on critical support at the 1.2800/1.2790, September 2024 multi-year low. Deep oversold readings on daily and weekly studies caution corrective bounce here to consolidate sharp losses from the 1.3550, April high. Break here, if seen, will open up room for extension of the underlying bear trend 2020 year low and see room to 1.2700 congestion from October 2014. Meanwhile, resistance is lowered to the 1.2861, 5th May low. Gains above here, will open up room for stronger bounce to the 1.2900/1.2950 congestion area.