Published: 2026-01-07T02:37:33.000Z
Chart USD/SGD Update: Consolidating test of 1.2800 support
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No follow-through on break of the 1.2800 level as prices turned up from the 1.2790 low to 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
02:30 GMT - No follow-through on break of the 1.2800 level as prices turned up from the 1.2790 low to consolidate losses from the 1.3100, November swing high. Negative daily and weekly studies suggest consolidation giving way to renewed selling pressure later. Lower will see room for deeper pullback to 1.2750 congestion though focus will return to the 1.2712/1.2700, September/July lows. Meanwhile, resistance at the 1.2890/1.2900 area is expected to cap and sustain losses from the 1.3100, November swing high.