Published: 2026-01-09T02:31:30.000Z
Chart USD/SGD Update: Extend corrective bounce
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Extending bounce from the 1.2790 low as prices consolidate losses from the 1.3100, November swing high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085/100 | ** | 12 May high, congestion | S1 | 1.2800 | * | congestion |
| R3 | 1.2980/00 | * | congestion, Aug high | S2 | 1.2750 | * | congestion |
| R2 | 1.2930 | ** | congestion | S3 | 1.2712/00 | ** | Sep, Jul 2025 year lows |
| R1 | 1.2900 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Extending bounce from the 1.2790 low as prices consolidate losses from the 1.3100, November swing high. Daily studies have bottomed out at oversold areas and suggest scope for extension to resistance at the 1.2890/1.2900 area. Break here, will see room to strong resistance at 1.2930 congestion which is expected to cap. Corrective gains are expected to give way to selling pressure later. Break of the 1.2800 level will see room for deeper pullback to 1.2750 congestion with room for extension to retest the 1.2712/1.2700, September/July lows.