Published: 2025-12-09T02:09:24.000Z
Chart USD/SGD Update: Consolidating at 1.2930 support, lower later
-
Higher in consolidation from support at the 1.2930 congestion as prices unwind oversold intraday and daily studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3130 | * | May high | S1 | 1.2930 | * | congestion |
| 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
02:00 GMT - Higher in consolidation from support at the 1.2930 congestion as prices unwind oversold intraday and daily studies. The resulting flag pattern is expected to give way to break lower to extend rejection from the 1.3085/1.3100, November highs. Below the 1.2930 low will see room to strong support at the 1.2917/1.2900 area. Break here will see room for extension to support at 1.2865, October low. Meanwhile, resistance at 1.3000 figure is expected to cap and sustain losses from resistance at the 1.3085/1.3100 area.