Published: 2025-10-08T01:56:57.000Z
Chart USD/SGD Update: Extending gains from September low
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Pressure returning to the 1.2950 September high and break here will further extend gains from the 1.2712 low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | * | 38.2% Jan/Jul fall | S1 | 1.2900 | * | congestion |
| R3 | 1.3085 | 12 May high | 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 | ** | Sep high, congestion | S4 | 1.2745 | * | 24 Jul low |
Asterisk denotes strength of level
02:00 GMT - Pressure returning to the 1.2950 September high and break here will further extend gains from the 1.2712 low and return focus to the 1.3000, August high. Break here will confirm a double bottom at the 1.2712/1.2700 lows and see room for stronger gains to retrace the January/July losses. Clearance will see room to 1.3085/1.3100 resistance and 38.2% Fibonacci level. Meanwhile, support at the 1.2900/1.2860 area should underpin and sustain gains from the September low.