Published: 2026-10-01T16:17:56.000Z
Chart USD/SGD Update: Pressuring resistance - studies improving
1
Cautious trade is giving way to fresh gains
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2900/10 | ** | congestion; 76.4% ret | S1 | 1.2750 | * | break level |
| R3 | 1.2875 | ** | 14 Jul low | S2 | 1.2730 | * | congestion |
| R2 | 1.2850/55 | * | congestion; 61.8% ret | S3 | 1.2700 | * | congestion, Jul 2025 yr low |
| R1 | 1.2800/10 | ** | congestion, 50% ret | S4 | 1.2680 | * | Aug low |
Asterisk denotes strength of level
17:00 BST - Cautious trade is giving way to fresh gains, as intraday studies turn higher, with prices currently pressuring resistance at congestion around 1.2800 and the 1.2810 Fibonacci retracement. Daily readings are mixed/positive and broader weekly charts continue to improve, suggesting room for a break and continuation of September gains towards strong resistance at 1.2850/55. Already overbought daily stochastics, however, could limit any initial tests in fresh consolidation.
Meanwhile, support remains at 1.2750, and should underpin any immediate setbacks.