Published: 2025-11-03T02:47:23.000Z
Chart USD/SGD Update: Consolidating above 1.3000 level, room for higher
-
Consolidating break to 1.3030 high as prices unwind overbought intraday studies following bounce from the 1.2930 low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3170 | * | 23 Apr high | S1 | 1.3000 | * | Aug high, congestion |
| R3 | 1.3130 | * | May high | S2 | 1.2950 | * | Sep high |
| R2 | 1.3100 | * | 38.2% Jan/Jul fall | S3 | 1.2930 | * | 29 Oct low |
| R1 | 1.3085 | * | 12 May high | S4 | 1.2917/00 | ** | 17 Oct low, congestion |
Asterisk denotes strength of level
02:40 GMT - Consolidating break to 1.3030 high as prices unwind overbought intraday studies following bounce from the 1.2930 low. Daily studies are tracking higher 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 raised to the 1.3000 congestion which should underpin. Break here will open room for retest of support at 1.2950 and the 1.2930/1.2917 higher lows to retest.