Published: 2026-10-19T02:31:09.000Z
Chart USD/SGD Update: Retracing September/October gains
1
Gave back all the gains last week following rejection from approach of the 1.2875 resistance
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.2930 | * | Mar high | S1 | 1.2750 | ** | congestion |
| R3 | 1.2900 | * | congestion | S2 | 1.2700 | * | congestion, Jul 2025 yr low |
| R2 | 1.2875 | ** | 14 Jul low | S3 | 1.2680 | * | Aug low |
| R1 | 1.2850 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Gave back all the gains last week following rejection from approach of the 1.2875 resistance. Bearish divrgence on the daily studies suggest room for deeper pullback to retrace gains from the 1.2630 low of September. Below the 1.2800 opens up room towards strong support at 1.2750 congestion. Lower still, will see scope to the 1.2700/1.2680 area. Meanwhile, resistance is lower to 1.2825 high of 5 October and extending to 1.2850 congestion area now expected to cap and sustain pullback from the 1.2872, 14 October high.