Published: 2025-12-02T02:05:23.000Z
Chart USD/SGD Update: Consolidating at 1.2950 support
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No follow-through on break of the 1.2950 support as prices consolidate recent pullback from the 1.3085/1.3100 resistance
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3130 | * | May high | S1 | 1.2950 | * | Sep high |
| R3 | 1.3100 | ** | congestion, 38.2% | S2 | 1.2917/00 | ** | 17 Oct low, congestion |
| R2 | 1.3085 | * | 12 May high | S3 | 1.2865 | 1 Oct low | |
| R1 | 1.3000 | ** | Aug high, congestion | S4 | 1.2800 | ** | congestion |
Asterisk denotes strength of level
02:00 GMT - No follow-through on break of the 1.2950 support as prices consolidate recent pullback from the 1.3085/1.3100 resistance. Prices are unwinding oversold intraday studies with daily chart stretched as well and suggest scope for corrective bounce. However, gains are likely to prove limited with resistance at the 1.3000 level expected to cap. Lower high sought to further pressure the downside later and break of the 1.2950 support will see room for extension to strong support at the 1.2917 support and 1.2900 congestion.