Published: 2025-11-21T02:05:21.000Z
Chart USD/SGD Update: Consolidating retest of 1.3085 resistance
-
Consolidating retest of the 1.3085 resistance as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3170/00 | * | 23 Apr high, congestion | S1 | 1.3000 | * | Aug high, break |
| R3 | 1.3130 | * | May high | S2 | 1.2966 | ** | 14 Nov low |
| R2 | 1.3100 | * | 38.2% Jan/Jul fall | S3 | 1.2950 | * | Sep high |
| R1 | 1.3085 | ** | 12 May high | S4 | 1.2917/00 | ** | 17 Oct low, congestion |
Asterisk denotes strength of level
02:00 GMT - Consolidating retest of the 1.3085 resistance as prices unwind overbought intraday studies. However, positive daily studies suggest and bullish momentum from the 1.2712, September low, keep pressure on the upside. Break here will see room to resistance at the 1.3100/30, 38.2% Fibonacci level and May high. However, corrective gains from the 1.2712/00 lows are expected to give way to renewed selling pressure later. Meanwhile, support is raised to the 1.3050/00 congestion area. Break here and the 1.2966 low of last week will fade the upside pressure and retrace gains from the 1.2712, September low.