Published: 2026-08-07T02:30:19.000Z
Chart USD/SGD Update: Consolidating
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Bounce from the 1.2805/1.2790 support area has seen gains to retest resistance at the 1.2836/50 area
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2930 | ** | Mar high, congestion | S1 | 1.2805 | * | 15 Jun low |
| R3 | 1.2900 | * | congestion | S2 | 1.2790 | * | 3 Jul low |
| R2 | 1.2875 | ** | 14 Jul low | S3 | 1.2750 | * | congestion |
| R1 | 1.2836/50 | * | May high, congestion | S4 | 1.2700 | ** | congestion, 2025 yr low |
Asterisk denotes strength of level
02:25 GMT - Bounce from the 1.2805/1.2790 support area has seen gains to retest resistance at the 1.2836/50 area as prices consolidate losses from the 1.2930 high of last week. Daily studies have turned mixed at oversold areas and suggest room for stronger bounce from the 1.2790 low. above 1.2836/50 resistance will see room to strong resistance at the 1.2875/1.2900 area which is expected to cap and give way to renewed selling pressure later. Below the 1.2805/1.2790 lows will see deeper pullback to retrace gains from the May low to 1.2750 congestion then 1.2700 level and 2025 year low.