Published: 2026-02-05T02:02:14.000Z
Chart USD/SGD Update: Consolidating test of 1.2745/50 resistance
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Little change, as prices extend consolidation below resistance at the 1.2745/50 area
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2850 | * | congestion | S1 | 1.2700 | * | Jul low |
| R3 | 1.2790/00 | ** | 6 Jan low, congestion | S2 | 1.2650 | * | congestion |
| R2 | 1.2780 | * | 61.8% Jan fall | S3 | 1.2586 | ** | 28 Jan YTD low |
| R1 | 1.2745/50 | * | 50% Jan fall, congestion | S4 | 1.2550 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Little change, as prices extend consolidation below resistance at the 1.2745/50, 50% Fibonacci level and congestion area. Daily studies remains positive and suggest room to further retrace the January losses. Higher will see extension to strong resistance at 1.2780/1.2790, 61.8% Fibonacci level and 6 January low. Meanwhile, support is at the 1.2700/1.2650 area. Would take break here to return focus to the downside for retest of the 1.2600 level and 1.2586 low. Below these will extend the broader losses from the 2020 year high and see room to the 1.2550/00 area.