Published: 2025-10-22T02:38:43.000Z
Chart USD/SGD Update: Focus return to 1.3000/18 highs
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Consolidation at the 1.2900 level has given way to break higher to extend gains from the 1.2917 low of last week
| 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
02:30 GMT - Consolidation at the 1.2900 level has given way to break higher to extend gains from the 1.2917 low of last week. Focus return to the 1.3000/18 highs and where break will confirm a double bottom at the 1.2712/00 lows and see room for stronger gains to retrace the January/July losses. Higher will see room to 1.3085 resistance and 1.3100, 38.2% Fibonacci level. Meanwhile, support is raised to the 1.2950 congestion and this extend to the 1.2917 low of last Friday. This area is expected to underpin and sustain gains from tje 1.2712, September low.