Published: 2025-07-22T02:28:08.000Z
Chart USD/SGD Update: Lower to pressure 1.2800/1.2763 support
Technical Analyst
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Bounce from the 1.3370 June low see prices unwinding the oversold intraday and daily studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000/10 | ** | congestion, Apr low | S1 | 1.2800 | * | May low, congestion |
| R3 | 1.2940 | ** | Jun high | S2 | 1.2763 | * | 12 Jun low |
| R2 | 1.2882 | * | 17 Jul high | S3 | 1.2700 | ** | 1 Jul YTD low |
| R1 | 1.2860 | congestion | S4 | 1.2676 | * | Oct 2014 low |
Asterisk denotes strength of level
02:20 GMT - Bounce from the 1.3370 June low see prices unwinding the oversold intraday and daily studies. Daily studies are unwinding overbought readings and a deeper pullback cannot be ruled out to the 1.2763 support. Failure to hold this will return focus to the 1.2700 low and see scope to further extend losses from the January high. Meanwhile, resistance at the 1.2860/82 congestion and high of last week expected to cap. Clearance needed to open up room for extension to 1.2900 level and 1.2940, June high.