Published: 2025-09-19T02:27:50.000Z
Chart USD/SGD Update: Extending gains
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Consolidation above the 1.2745 support has given way to sharp bounce to extend gains from the 1.2712 mid-week low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000 | ** | Aug high | S1 | 1.2800 | ** | congestion |
| R3 | 1.2940 | * | Jun high | S2 | 1.2745 | * | 24 Jul low |
| R2 | 1.2900 | ** | congestion | S3 | 1.2712 | ** | 17 Sep low |
| R1 | 1.2850/55 | * | congestion, 11 Sep high | S4 | 1.2700 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
02:20 GMT - Consolidation above the 1.2745 support has given way to sharp bounce through the 1.2800 resistance to extend gains from the 1.2712 mid-week low. Higher will see room to resistance at the 1.2850/55 area then the 1.2900 resistance. Gains are seen corrective and lower high sought to pressure the downside later. Meanwhile, support is raised to the 1.2800 congestion and where break is needed to return focus to the downside for retest of the 1.2745 support then 1.2712/00, 17 September low and July current year low.