Published: 2025-12-01T01:40:42.000Z
Chart USD/SGD Update: Weighing on 1.2950 support
1
Extending consolidation at the 1.2950 support but pressure remains on the downside
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3130 | * | May high | S1 | 1.2950 | * | Sep high |
| 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
01:35 GMT - Extending consolidation at the 1.2950 support but pressure remains on the downside following sharp losses from the 1.3085/1.3100 resistance. Daily and weekly studies continue to track lower and highlight scope for break here to further retrace gains from the 1.2712, September low. Lower will see room for extension to strong support at the 1.2917 support and 1.2900 congestion. Meanwhile, resistance at the 1.3000 level and August high is expected to cap and sustain pullback from the 1.3085/1.3100 resistance.