Published: 2025-08-29T02:02:05.000Z
Chart USD/SGD Update: Under pressure
Technical Analyst
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Leaning lower to extend rejection from the 1.2900 level towards support at the 1.2800/1.2790 area and the July trendline
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3025 | * | 38.2% Apr/Jul fall | S1 | 1.2800/90 | * | May, 2024 year lows |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2745 | ** | 24 Jul low |
| R2 | 1.2940 | * | Jun high | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2900 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Leaning lower to extend rejection from the 1.2900 level towards support at the 1.2800/1.2790 area and the July trendline. Negative daily and weekly studies suggest eventual break here to extend the broader losses from the 1.3000 swing high. Lower will return focus to the 1.2745 support and the 1.2700, July current year low. Below these will extend the broader losses from the March 2020 year high. Meanwhile, resistance at the 1.2900 congestion is expected to cap