Published: 2025-10-09T02:18:32.000Z
Chart USD/SGD Update: Consolidating at 1.2950, room for higher later
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Settled back from the 1.2968 high to consolidate around the 1.2950 level as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | * | 38.2% Jan/Jul fall | S1 | 1.2900 | * | congestion |
| R3 | 1.3085 | * | 12 May high | S2 | 1.2860 | ** | 22 Sep high |
| R2 | 1.3000/10 | ** | Aug high, Apr low | S3 | 1.2815/00 | ** | 23 Sep low, congestion |
| R1 | 1.2968 | 8 Oct high | S4 | 1.2745 | * | 24 Jul low |
Asterisk denotes strength of level
02:10 GMT - Settled back from the 1.2968 high to consolidate around the 1.2950 level as prices unwind overbought intraday studies. Positive daily studies keep pressure on the upside and suggest room to further extend gains from the 1.2712 September low to retest the 1.3000, August high. Clearance here 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 at the 1.2900/1.2860 area should underpin and sustain gains from the September low.