Published: 2025-10-10T02:41:26.000Z
Chart USD/SGD Update: Consolidating test of 1.3000 level
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Break of the 1.2950 resistance has seen gains to retest the 1.3000/10 August high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3130 | May high | S1 | 1.2950 | ** | 25 Sep high | |
| R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2900 | ** | congestion |
| R2 | 1.3085 | * | 12 May high | S3 | 1.2860 | * | 22 Sep high, congestion |
| R1 | 1.3000/10 | ** | Aug high, Apr low | S4 | 1.2815/00 | * | congestion |
Asterisk denotes strength of level
02:30 GMT - Break of the 1.2950 resistance has seen gains to retest the 1.3000/10 August high. Pause here see prices unwinding overbought intraday and daily studies but a later break cannot be ruled out to extend gains from the 1.2712 September low. Above the 3000/10 resistance will confirm a double bottom at the 1.2712/1.2700 lows and see room for stronger gains to retrace the January/July losses. Meanwhile, support is raised to the 1.2950/1.2900 area which should underpin and sustain gains from the September low.