Published: 2025-10-28T02:42:04.000Z
Chart USD/SGD Update: Leaning lower from test of 1.3000 resistance
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Leaning lower in consolidation from test of the 1.3000 level as daily studies unwind overbought readings
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3129 | * | May high | S1 | 1.2950 | * | Sep high, congestion |
| R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2917/00 | ** | 17 Oct low, congestion |
| R2 | 1.3085 | * | 12 May high | S3 | 1.2860 | * | congestion |
| R1 | 1.3000/18 | ** | Aug, 14 Oct highs | S4 | 1.2800 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - Leaning lower in consolidation from test of the 1.3000 level as daily studies unwind overbought readings. Pullback see nearby support at 1.2950 congestion. Below this will expose the 1.2917 low of last Friday to retest. Below this will return focus to the downside to retrace gains from the 1.2712 September low. Lower will see room to the 1.2900 level then the 1.2860/1.2800 ciongesiton. Meanwhile, resistance at the 1.3000/18 highs now expected to cap. Clearance, if seen, will open up room for stronger gains to retrace the January/July losses.