Published: 2025-10-07T02:38:24.000Z
Chart USD/SGD Update: Consolidating retest of 1.2950 high
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Settled back from retest of the 1.2950 September high as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | * | 38.2% Jan/Jul fall | S1 | 1.2900 | congestion | |
| R3 | 1.3085 | 12 May high | S2 | 1.2860 | * | 22 Sep high | |
| R2 | 1.3000/10 | ** | Aug high, Apr low | S3 | 1.2815/00 | ** | 23 Sep low, congestion |
| R1 | 1.2950 | ** | Sep high, congestion | S4 | 1.2745 | * | 24 Jul low |
Asterisk denotes strength of level
02:30 GMT - Settled back from retest of the 1.2950 September high as prices unwind overbought intraday studies. Break here will further extend gains from the 1.2712 low and return focus to the 1.3000, August high. Clearance here will confirm a double bottom at the 1.2712/1.2700 lows and see room for stronger gains to retrace the January/July losses. Meanwhile, support at the 1.2900/1.2860 area should underpin and sustain gains from the September low. Failure will fade the upside pressure and open up room for consolidation to the 1.2815/00 area.