Published: 2025-11-17T02:19:03.000Z
Chart USD/SGD Update: Consolidating at 1.3000 level, room for lower later
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Turned up from the 1.2966 low to consolidate at the 1.3000 level as prices unwind oversold intraday and daily studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3130 | * | May high | S1 | 1.2950 | * | Sep high |
| R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2930 | * | 29 Oct low |
| R2 | 1.3085 | ** | 12 May high | S3 | 1.2917/000 | ** | 17 Oct low, congestion |
| R1 | 1.3040 | congestion | S4 | 1.2860 | * | 5 May low, congestion |
Asterisk denotes strength of level
02:15 GMT - Turned up from the 1.2966 low to consolidate at the 1.3000 level as prices unwind oversold intraday and daily studies. Consolidation is expected to give way to fresh selling pressure later. Below the 1.2966 low will see room for deeper pullback to retrace rally from the 1.2712 low of September and see room to the 1.2950 support. Lower still, will see room to strong support at the 1.2930 and 1.2917 higher lows. Meanwhile, resistance is lowered to 1.3040 congestion ahead of 1.3085 high which is expected to cap.