Published: 2026-11-05T02:19:24.000Z
Chart USD/SGD Update: Under pressure
1
Consolidation around the 1.2800 level has given way to selling pressure at the 1.2800/25 resistance to retest the 1.2770 low of last week
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900 | * | congestion | S1 | 1.2762/50 | ** | 22 Oct low, congestion |
| R3 | 1.2875 | ** | 14 Jul low | S2 | 1.2700 | * | congestion, 2025 yr low |
| R2 | 1.2850 | * | congestion | S3 | 1.2680 | * | Aug low |
| R1 | 1.2800/25 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:15 GMT - Consolidation around the 1.2800 level has given way to selling pressure at the 1.2800/25 resistance to retest the 1.2770 low of last week. Below here will expose support at the 1.2762/50 congestion area to retest. Would take break here to confirm a top in place at the 1.2872 October high and open up room for deeper pullback to retrace strong gains from the 1.2630 Spetember low. Lower will see room to the 1.2700/1.2680 area. Meanwhile, resistance remains at the 1.2800/25 area which is expected to cap and sustain losses from the October high.