Published: 2025-10-24T02:04:28.000Z
Chart USD/SGD Update: Pressuring 1.3000/18 resistance
-
Up to tag the 1.3000 level as prices extend bounce from the 1.2917 low of last Friday
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3129 | * | May high | S1 | 1.2950 | * | Sep high, congestion |
| R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2917/00 | ** | 17 Oct low, congestion |
| R2 | 1.3085 | * | 12 May high | S3 | 1.2860 | * | congestion |
| R1 | 1.3000/18 | ** | Aug, 14 Oct highs | S4 | 1.2800 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Up to tag the 1.3000 level as prices extend bounce from the 1.2917 low of last Friday. Would take break here and the 1.3018 high to confirm a double bottom at the 1.2712/00 September/July lows and see room for stronger gains to retrace the January/July losses. Clearance will turn focus to the 1.3085 resistance and 1.3100, 38.2% Fibonacci level. Meanwhile, support is raised to the 1.2950 congestion and this extend to the 1.2917 low of last Friday. This area now expected to underpin and sustain gains from the 1.2712, September low.