Published: 2025-12-16T02:49:26.000Z
Chart USD/SGD Update: Consolidating, lower later
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Steadied at the 1.2880 low as prices consolidate losses from the 1.2985 high of last week
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | ** | congestion, 38.2% | S1 | 1.2865/50 | * | 1 Oct low, 61.8% |
| R3 | 1.3085 | * | 12 May high | S2 | 1.2800 | ** | May low, congestion |
| R2 | 1.3000 | ** | Aug high, congestion | S3 | 1.2750 | * | congestion |
| R1 | 1.2900/30 | * | congestion | S4 | 1.2712/00 | ** | Sep, Jul YTD lows |
Asterisk denotes strength of level
02:30 GMT - Steadied at the 1.2880 low as prices consolidate losses from the 1.2985 high of last week. Prices are unwinding oversold intraday and daily studies but consolidation expected to give way to renewed selling pressure later. Lower will see room to further retrace gains from the July/September lows and see room to support at 1.2865 October low and the 1.2850, 61.8% Fibonacci level. Below this, will see extension to the 1.2800, May low and congestion area. Meanwhile, resistance is lowered to the 1.2900/30 area which is expected to cap and sustain losses from the November highs.