Published: 2026-05-08T02:29:33.000Z
Chart USD/SGD Update: Consolidating test of 1.2667 April low
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Turned up from test of support at the 1.2667/50 April low and congestion area as prices consolidate losses from the 1.2823 high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2823 | ** | 29 Apr high | S1 | 1.2667 | ** | Apr low |
| R3 | 1.2800 | * | congestion | S2 | 1.2650 | * | congestion |
| R2 | 1.2750 | * | congestion | S3 | 1.2586 | ** | 28 Jan YTD low |
| R1 | 1.2700 | * | congestion | S4 | 1.2550 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Turned up from test of support at the 1.2667/50 April low and congestion area as prices consolidate losses from the 1.2823 high of last week. Consolidation is expected to give way to fresh selling pressure later where break will see room for extension to retest the 1.2600 level and the 1.2586, 28 January current year low. Would expect reaction at the latter but a later break cannot be ruled out to the 1.2550/1.2500 congestion area. Meanwhile, resistance remains at the 1.2700 level which is expected to cap and sustain losses from the 1.2823, 29 April high.