Published: 2026-09-09T01:57:35.000Z
Chart USD/SGD Update: Still room for further losses
1
Edged up from the 1.2638 low as prices consolidate losses from the 1.2750 high of last week
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2800 | * | congestion | S1 | 1.2638 | * | 8 Sep low |
| R3 | 1.2750/67 | ** | congestion, 7 Aug low | S2 | 1.2615/05 | * | 26, 12 Feb lows |
| R2 | 1.2700 | * | congestion | S3 | 1.2586 | ** | 28 Jan YTD low |
| R1 | 1.2680 | * | Aug low | S4 | 1.2550 | * | congestion from 2014 |
Asterisk denotes strength of level
02:00 GMT - Edged up from the 1.2638 low as prices consolidate losses from the 1.2750 high of last week and unwind oversold intraday studies. However, pressure remains on the downside and see room for further losses to retest the 1.2615/05 February lows then the 1.2586, January current year low. Would expected reaction at the latter as daily and weekly studies extend into oversold areas and caution corrective bounce. Meanwhile, resistance remains at the 1.2680/1.2700 August low and congestion area which is expected to cap. Only above here will see room for stronger bounce to the 1.2750/67 resistance.