Published: 2025-09-05T02:32:17.000Z
Chart USD/SGD Update: Consolidating, room for higher later
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Little change, as prices extend consolidation below the 1.2900 resistance
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | * | 38.2% Jan/Jul fall | S1 | 1.2815 | * | 28 Aug low, trendline |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2800/90 | * | May, 2024 year lows |
| R2 | 1.2940 | * | Jun high | S3 | 1.2745 | ** | 24 Jul low |
| R1 | 1.2900 | * | congestion | S4 | 1.2700 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
02:20 GMT - Little change, as prices extend consolidation below the 1.2900 resistance. Positive daily studies suggest this giving way to break later to further retrace losses from the August high. Clearance will see room to retest the June high at 1.2940. Beyond this will expose the 1.3000 level to retest and see scope to further retrace the January/July losses. Meanwhile, support at the 1.2815/1.2800 area is expected to underpin. Failure here will return focus to the downside for retest of support at 1.2745 and 1.2700, July current year low. Below this will ext