Published: 2025-09-26T02:10:26.000Z
Chart USD/SGD Update: Extending gains, focus on the 1.3000 level
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Break above the 1.2900 level has seen gains to reach resistance at the 1.2950 congestion
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3160 | * | congestion | S1 | 1.2900 | * | congestion |
| R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2860 | * | 22 Sep high |
| R2 | 1.3000/10 | ** | Aug high, Apr low | S3 | 1.2815/00 | ** | 23 Sep low, congestion |
| R1 | 1.2950 | * | congestion | S4 | 1.2745 | * | 24 Jul low |
Asterisk denotes strength of level
02:00 GMT - Break above the 1.2900 level has seen gains to reach resistance at the 1.2950 congestion. Consolidation here see prices unwinding the overbought intraday studies and expected to give way to fresh buying interest later. Higher will see room to the critical 1.3000, August high, which is expected to cap. Break, if seen, will confirm a double bottom at the 1.2712/1.2700 lows and see stronger gains to retrace the January/July losses. Meanwhile, support is raised to the 1.2900 congestion which should now underpin and sustain bounce from the 1.2712 low.