Published: 2025-11-07T02:06:40.000Z
Chart USD/SGD Update: Settled back from test of 1.3085 resistance
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Settling back from test of the 1.3085 resistance as prices unwind overbought intraday and daily studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3170 | * | 23 Apr high | S1 | 1.3000 | * | Aug high, congestion |
| R3 | 1.3130 | * | May high | S2 | 1.2950 | * | Sep high |
| R2 | 1.3100 | * | 38.2% Jan/Jul fall | S3 | 1.2930 | * | 29 Oct low |
| R1 | 1.3085 | * | 12 May high | S4 | 1.2917/00 | ** | 17 Oct low, congestion |
Asterisk denotes strength of level
02:05 GMT - Settling back from test of the 1.3085 resistance as prices unwind overbought intraday and daily studies. Pullback see room to strong support at the 1.3000 congestion and August high which is expected to underpin. Would take break here to open up room for deeper pullback to support at 1.2950 high of September and the 1.2930 and 1.2917 lows. Meanwhile, resistance at the 1.3085/1.3100 area and 38.2% Fibonacci level expected to cap. Clearance needed to open up room for stronger gains to retrace January/July losses.