Published: 2025-12-19T02:25:33.000Z
Chart USD/SGD Update: Extend consolidation above 1.2865/50 support
1
Little change, as prices extend consolidation at the 1.2900 level following bounce from the 1.2865/50 support
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | ** | congestion, 38.2% | S1 | 1.2865/50 | * | 1 Oct low, 61.8% |
| R3 | 1.3085 | * | 12 May high | S2 | 1.2800 | ** | May low, congestion |
| R2 | 1.2980/00 | ** | congestion, Aug high | S3 | 1.2750 | * | congestion |
| R1 | 1.2930 | * | congestion | S4 | 1.2712/00 | ** | Sep, Jul YTD lows |
Asterisk denotes strength of level
02:20 GMT - Little change, as prices extend consolidation at the 1.2900 level following bounce from the 1.2865/50 support and 61.8% Fibonacci level. Above here and the 1.2930 resistance will open up room for stronger gains to retrace losses from the 1.3100 November high to strong resistance at the 1.2980/1.3000 congestion and August high. Corrective bounce is expected to give way to fresh selling pressure later. Break of the 1.2865/50 support will see extension to the 1.2800, May low and congestion area. Below here will expose the 1.2712/1.2700 lows to retest.