Published: 2025-12-18T02:26:53.000Z
Chart USD/SGD Update: Higher in consolidation from 1.2865/50 support
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Higher in consolidation from the 1.2865/50 support and 61.8% Fibonacci level as prices unwind oversold daily studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | ** | congestion, 38.2% | S1 | 1.2865/50 | * | 1 Oct low, 61.8% |
| R3 | 1.3085 | * | 12 May high | S2 | 1.2800 | ** | May low, congestion |
| R2 | 1.2980/00 | ** | congestion, Aug high | S3 | 1.2750 | * | congestion |
| R1 | 1.2930 | * | congestion | S4 | 1.2712/00 | ** | Sep, Jul YTD lows |
Asterisk denotes strength of level
02:20 GMT - Higher in consolidation from the 1.2865/50 support and 61.8% Fibonacci level as prices unwind oversold daily studies to reach the 1.2930 resistance. Break here will open up room for stronger gains to retrace losses from the 1.3100 November high to strong resistance at the 1.2980/1.3000 congestion and August high. Corrective bounce is expected to give way to fresh selling pressure later. Break of the 1.2865/50 support will see extension to the 1.2800, May low and congestion area. Below here will expose the 1.2712/1.2700 lows to retest.