Published: 2025-10-23T02:08:09.000Z
Chart USD/SGD Update: Poised for retest of 1.3000/18 highs
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Extending bounce from the 1.2917 as prices retrace losses last week from the 1.3018 high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3129 | * | May high | S1 | 1.2950 | * | Sep high, congestion |
| R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2917/00 | ** | 17 Oct low, congestion |
| R2 | 1.3085 | * | 12 May high | S3 | 1.2860 | * | congestion |
| R1 | 1.3000/18 | ** | Aug, 14 Oct highs | S4 | 1.2800 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Extending bounce from the 1.2917 as prices retrace losses last week from the 1.3018 high. Focus return to the 1.3000/18 highs and break here will confirm a double bottom at the 1.2712/00 lows and see room for stronger gains to retrace the January/July losses. Clearance will see room to 1.3085 resistance and 1.3100, 38.2% Fibonacci level. Meanwhile, support is raised to the 1.2950 congestion and this extend to the 1.2917 low of last Friday. This area now expected to underpin and sustain gains from the 1.2712, September low.