Published: 2025-09-23T01:56:19.000Z
Chart USD/SGD Update: Settling back from test of 1.2850/55 resistance
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Settling back from test of the 1.2850/55 resistance as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000 | ** | Aug high | S1 | 1.2800 | ** | congestion |
| R3 | 1.2940 | * | Jun high | S2 | 1.2745 | * | 24 Jul low |
| R2 | 1.2900 | ** | congestion | S3 | 1.2712 | ** | 17 Sep low |
| R1 | 1.2850/55 | * | congestion, 11 Sep high | S4 | 1.2700 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
01:50 GMT - Settling back from test of the 1.2850/55 resistance as prices unwind overbought intraday studies and consolidate gains from the 1.2712 low of last week. Daily studies have turned mixed and suggest prices settling back in consolidation. Further gains, if seen, should see congestive resistance at the 1.2900 level expected to cap. Meanwhile, support is at the 1.2800 congestion and break here needed to return focus to the downside for retest of the 1.2745 support then 1.2712/00, 17 September low and July current year low.