Published: 2026-10-16T02:31:18.000Z
Chart USD/SGD Update: Settled back in consolidation below 1.2875 resistance
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Settled back in consolidation after rally above the 1.2800/25 area was checked at the 1.2875 resistance
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2930 | * | Mar high | S1 | 1.2800 | * | congestion |
| R3 | 1.2900 | * | congestion | S2 | 1.2750 | ** | congestion |
| R2 | 1.2875 | ** | 14 Jul low | S3 | 1.2700 | * | congestion, Jul 2025 year low |
| R1 | 1.2850 | * | congestion | S4 | 1.2680 | * | Aug low |
Asterisk denotes strength of level
02:25 GMT - Settled back in consolidation after rally above the 1.2800/25 area was checked at the 1.2875 resistance. Bearish divrgence on the daily studies suggest room for deeper pullback to the 1.2800 level. Would take break here to fade the upside pressure and open up room for deeper pullback to retrace the September gains towards strong support at 1.2750 congestion. Lower still, will see room to 1.2700/1.2680 support. Meanwhile, resistance at the 1.2850/1.2875 congestion is expected to cap.