Published: 2025-12-04T02:33:38.000Z
Chart USD/SGD Update: Weighing on 1.2932 low
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Extending consolidation above the 1.2932 Monday's low but pressure building on the downside
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3130 | * | May high | S1 | 1.2932 | 1 Dec low | |
| R3 | 1.3100 | ** | congestion, 38.2% | S2 | 1.2917/00 | ** | 17 Oct low, congestion |
| R2 | 1.3085 | * | 12 May high | S3 | 1.2865 | 1 Oct low | |
| R1 | 1.3000 | ** | Aug high, congestion | S4 | 1.2800 | ** | congestion |
Asterisk denotes strength of level
02:25 GMT - Extending consolidation above the 1.2932 Monday's low but pressure building on the downside. Break here will extend rejection from the 1.3085/1.3100, November highs and see room to further retrace the September/November rally. Lower will see extension to strong support at the 1.2917/1.2900 area. Lower still, will see potential for extension to support at 1.2865 low of October and the 1.2800 level. Meanwhile, resistance at 1.3000 level is expected to cap and sustain losses from resistance at the 1.3085/1.3100 area.