Published: 2024-12-12T02:20:08.000Z
Chart USD/SGD Update: Higher in choppy trade from 1.3362 support
Technical Analyst
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Little change, as prices extend choppy trade from mid-November
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | Jun high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3550 | * | congestion | S2 | 1.3362 | ** | 6 Nov high | |
| R2 | 1.3500/12 | ** | congestion, Nov high | S3 | 1.3300 | * | congestion | |
| R1 | 1.3488 | * | 14 Nov high | S4 | 1.3264 | * | Oct high |
Asterisk denotes strength of level
02:10 GMT - Little change, as prices extend choppy trade from mid-November. Support at the 1.3400 level and the 1.3362 low now protecting the downside and see break here needed to confirm a top pattern in place at the 1.3512 high. Break will see deeper pullback to retrace the September/November rally and see room to the 1.3300 congestion then the 1.3264/1.3235, support and 38.2% Fibonacci retracement. Meanwhile, resistance is at 1.3488 then the 1.3512 high. Would take break of these to further extend gains from the September low to the 1.3550 congestion and the 1.3600 level.