Published: 2025-09-29T02:05:02.000Z
Chart USD/SGD Update: Settling back from 1.2950 high
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Settling back from test of resistance at the 1.2950 congestion as prices unwind the overbought intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3160 | * | congestion | S1 | 1.2900 | * | congestion |
| R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2860 | * | 22 Sep high |
| R2 | 1.3000/10 | ** | Aug high, Apr low | S3 | 1.2815/00 | ** | 23 Sep low, congestion |
| R1 | 1.2950 | * | congestion | S4 | 1.2745 | * | 24 Jul low |
Asterisk denotes strength of level
02:00 GMT - Settling back from test of resistance at the 1.2950 congestion as prices unwind the overbought intraday studies. Pullback see prices retracing gains from the 1.2712 low with support starting at the 1.2900 level and 1.2860, 22 Sep high, which is expected to underpin. Below this will open up room for deeper pullback to strong support at the 1.2815/1.2800 area. Meanwhile, resistance is at the 1.2950 high. A later break will open up room for stronger bounce and see room to the 1.3000/00 area.