Published: 2024-12-05T01:48:06.000Z
Chart USD/SGD Update: Extend consolidation below 1.3488/1.3512 highs
Technical Analyst
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Settled back in consolidation after bounce attempt was checked at the 1.3488 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | Jun high, congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3550 | * | congestion | S2 | 1.3362 | ** | 6 Nov high | |
| R2 | 1.3500/12 | ** | congestion, 22/26 Nov highs | S3 | 1.3300 | * | congestion | |
| R1 | 1.3488 | * | 14 Nov high | S4 | 1.3264 | * | Oct high |
Asterisk denotes strength of level
01:40 GMT - Settled back in consolidation after bounce attempt was checked at the 1.3488 resistance. Would take break here to expose the 1.3512 highs to retest and see potential for break to extend strong gains from the September low. However, mixed daily studies suggest the latter keeping out of reach and further choppy trade likely below the latter. Meanwhile, support remains at the 1.3400 congestion and this extend to the 1.3362 support. This area now underpin and only failure here will turn focus lower to retrace the September/November rally.