Published: 2025-12-08T02:02:00.000Z
Chart USD/SGD Update: Consolidating, room for lower later
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Little change, as prices extend consolidation above the 1.2930 congestion
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3130 | * | May high | S1 | 1.2930 | * | congestion |
| R3 | 1.3100 | ** | congestion, 38.2% | S2 | 1.2917/00 | ** | 17 Oct low, congestion |
| R2 | 1.3085 | * | 12 May high | S3 | 1.2865 | 1 Oct low | |
| R1 | 1.3000 | ** | Aug high, congestion | S4 | 1.2800 | ** | congestion |
Asterisk denotes strength of level
02:00 GMT - Little change, as prices extend consolidation above the 1.2930 congestion and unwind oversold intraday studies. Daily studies are stretched as well but the resulting flag pattern suggest consolidation giving way to break to extend rejection from the 1.3085/1.3100, November highs. Lower will see room to strong support at the 1.2917/1.2900 area. Below this will see room for extension to support at 1.2865, October low. Meanwhile, resistance at 1.3000 figure is expected to cap and sustain losses from resistance at the 1.3085/1.3100 area.