Published: 2025-11-19T02:27:02.000Z
Chart USD/SGD Update: Room to extend bounce from 1.2966 low
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Turned up from the 1.2966 low of last week as prices retrace pullback from the 1.3085 resistance
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3130 | * | May high | S1 | 1.2950 | * | Sep high |
| R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2930 | * | 29 Oct low |
| R2 | 1.3085 | ** | 12 May high | S3 | 1.2917/00 | ** | 17 Oct low, congestion |
| R1 | 1.3050 | congestion | S4 | 1.2860 | * | 5 May low, congestion |
Asterisk denotes strength of level
02:10 GMT - Turned up from the 1.2966 low of last week as prices retrace pullback from the 1.3085 resistance. Positive daily studies suggest potential for retest of the latter and where break will extend the broader gains from the 1.2712, September low. Higher will see room to the 1.3100/30, 38.2% Fibonacci level and May high. However, corrective gains are expected to give way to renewed selling pressure later. Below the 1.3000 level and 1.2966 low will see room for deeper pullback to the 1.2950 congestion. Lower will see room to strong support at the 1.2930 and 1.2917 higher lows.