Published: 2025-12-22T02:33:35.000Z
Chart USD/SGD Update: Extend corrective bounce from 1.2865/50 support
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Higher to pressure resistance at 1.2930 level as prices extend bounce from the 1.2865/50 support and 61.8% Fibonacci level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3100 | ** | congestion, 38.2% | S1 | 1.2865/50 | * | 1 Oct low, 61.8% |
| R3 | 1.3085 | * | 12 May high | S2 | 1.2800 | ** | May low, congestion |
| R2 | 1.2980/00 | ** | congestion, Aug high | S3 | 1.2750 | * | congestion |
| R1 | 1.2930 | * | congestion | S4 | 1.2712/00 | ** | Sep, Jul YTD lows |
Asterisk denotes strength of level
02:30 GMT - Higher to pressure resistance at 1.2930 level as prices extend bounce from the 1.2865/50 support and 61.8% Fibonacci level. Clearance will open up room for stronger gains to retrace losses from the 1.3100 November high to strong resistance at the 1.2980/1.3000, congestion and August high. However, gains are seen corrective and expected to give way to fresh selling pressure later. Meanwhile, support is raised to 1.2900 level. Break here and the 1.2865/50 support will see extension to the 1.2800, May low and congestion area.