Published: 2025-10-17T02:33:08.000Z
Chart USD/SGD Update: Under pressure, room to 1.2600/1.2860 support
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Extending pullback from the 1.3018 high as prices unwind the overbought daily studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | * | 38.2% Jan/Jul fall | S1 | 1.2900 | ** | congestion |
| R3 | 1.3085 | * | 12 May high | S2 | 1.2860 | * | 22 Sep high, congestion |
| R2 | 1.3000/10 | ** | Aug high, Apr low | S3 | 1.2815/00 | * | congestion |
| R1 | 1.2950 | * | Sep high | S4 | 1.2750 | * | congestion |
Asterisk denotes strength of level
02:30 GMT - Extending pullback from the 1.3018 high as prices unwind the overbought daily studies. Break of the 1.2950 support see room for pullback to strong support at the 1.2900 level and the 1.2860 congestion. This area is expected to underpin and give way to renewed buying interest later. Failure here will return focus to the downside and see room for extension to the 1.2815/00 area and lower. Meanwhile, resistance is lowered to 1.2950 September high ahead of the 1.3000/10 area. Clearance will see room for stronger gains to retrace the January/July losses.