Published: 2026-09-24T02:39:23.000Z
Chart USD/SGD Update: Consolidating at 1.2800, room for higher later
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Consolidation around 1.2750 has given way to bounce to extend gains from the 1.2630 low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900 | * | congestion | S1 | 1.2750/30 | * | congestion, 15 Sep high |
| R3 | 1.2875 | ** | 14 Jul low | S2 | 1.2700 | * | congestion, Jul 2025 yr low |
| R2 | 1.2850 | * | 61.8% Jun/Sep fall | S3 | 1.2680 | * | Aug low |
| R1 | 1.2800/10 | ** | congestion, 50% | S4 | 1.2650 | ** | May low |
Asterisk denotes strength of level
02:30 GMT - Consolidation around 1.2750 has given way to bounce and break above the 1.2790/1.2800 resistance see prices extending broader gains from the 1.2630 low. Positive daily and weekly studies suggest room for further gains to retrace the June/September losses. Higher will see room to 1.2810 and 1.2850, 50 and 61.8% Fibonacci retracement. Corrective gains are expected to give way to renewed selling pressure later to retest the 1.2750/30 support. Break here will ease the upside pressure and see room for deeper pullback to the 1.2700/1.2680 area.