Published: 2025-09-25T02:30:57.000Z
Chart USD/SGD Update: Extending gains
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Consolidation below the 1.2850/55 resistance has given way to break to extend bounce from the 1.2712 low
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | * | 38.2% Jan/Jul fall | S1 | 1.2815/00 | ** | 23 Sep low, congestion |
| R3 | 1.3000/10 | ** | Aug high, Apr low | S2 | 1.2745 | * | 24 Jul low |
| R2 | 1.2940 | * | Jun high | S3 | 1.2712 | ** | 17 Sep low |
| R1 | 1.2900 | ** | congestion | S4 | 1.2700 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
02:25 GMT - Consolidation below the 1.2850/55 resistance has given way to break to extend bounce from the 1.2712 low to approach resistance at the 1.2900 level. Positive daily and weekly studies suggest scope for break here to return focus to the critical 1.3000 August high which is expected to cap. Clearance, 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 at the 1.2815/00 congestion should underpin and sustain bounce from the 1.2712 low.