Published: 2025-10-16T02:16:10.000Z
Chart USD/SGD Update: Under pressure, room to 1.2600/1.2860 support
1
Consolidation above the 1.2950 support has given way to break to extend pullback from the 1.3018 high

Level | Comment | Level | Comment | ||||
---|---|---|---|---|---|---|---|
R4 | 1.3130 | May high | S1 | 1.2900 | ** | congestion | |
R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2860 | * | 22 Sep high, congestion |
R2 | 1.3085 | * | 12 May high | S3 | 1.2815/00 | * | congestion |
R1 | 1.3000/10 | ** | Aug high, Apr low | S4 | 1.2750 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Consolidation above the 1.2950 support has given way to break to extend pullback from the 1.3018 high as prices unwind the overbought daily studies. Lower will see room to the strong support at 1.2900 level and the 1.2860 congestion which is expected to underpin and give way to renewed buying interest later. Failure here will open up room for extension to the 1.2815/00 area and lower. Break of the 1.3000/10 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.