Published: 2025-10-31T02:46:04.000Z
Chart USD/SGD Update: Consolidating at 1.3000, room for higher
1
No follow-through on break of the 1.3000/18 highs as prices consolidate bounce from the 1.2930 low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3170 | * | 23 Apr high | S1 | 1.2930 | * | 29 Oct low |
| R3 | 1.3130 | * | May high | S2 | 1.2917/00 | ** | 17 Oct low, congestion |
| R2 | 1.3100 | * | 38.2% Jan/Jul fall | S3 | 1.2860 | * | 5 May low |
| R1 | 1.3085 | * | 12 May high | S4 | 1.2800 | * | 26 May low, congestion |
Asterisk denotes strength of level
02:40 GMT - No follow-through on break of the 1.3000/18 highs as prices consolidate bounce from the 1.2930 low. Daily studies have turned positive and suggest room to extend gains from the 1.2712 low of September. Higher will see room to the 1.3085 resistance then 1.3100 congestion and 38.2% Fibonaci level. Meanwhile, support is at the 1.2930 mid-week low and extend to the 1.2917/1.2900 congestion area. Would take break here to fade the upside pressure and return focus to the downside to retrace gains from 1.2712 low.