Published: 2025-06-19T02:03:22.000Z
Chart USD/SGD Update: Extending gains
Technical Analyst
2
Extending bounce from the 1.2763 multi-year low of last Thursday
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3063 | * | 38.2% Apr/Jun fall | S1 | 1.2800 | * | congestion |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2763 | ** | 12 Jun YTD low |
| R2 | 1.2980 | * | 29 May high | S3 | 1.2700 | * | congestion from Oct 2014 |
| R1 | 1.2900/20 | * | congestion | S4 | 1.2677 | * | Oct 2014 low |
Asterisk denotes strength of level
02:00 GMT - Extending bounce from the 1.2763 multi-year low of last Thursday as prices unwind the oversold intraday and daily studies. Break above the 1.2850/61 resistance see room for stronger correction to retrace losses from the April high. Clearance will open up room to resistance at the 1.2900/20 congestion. Higher still, will see room for extension to 1.2980, 29 May high, then 1.3000/10 congestion. Meanwhile, support is raised to the 1.2850/00 area which should underpin and sustain bounce from the 1.2763 low.