Published: 2026-01-08T02:25:26.000Z
Chart USD/SGD Update: Higher in consolidation from 1.2800 support
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Turned higher in consolidation from the 1.2790 low as prices consolidate losses from the 1.3100, November swing high
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085/100 | ** | 12 May high, congestion | S1 | 1.2800 | * | congestion |
| R3 | 1.2980/00 | * | congestion, Aug high | S2 | 1.2750 | * | congestion |
| R2 | 1.2930 | ** | congestion | S3 | 1.2712/00 | ** | Sep, Jul 2025 year lows |
| R1 | 1.2900 | * | congestion | S4 | 1.2650 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - Turned higher in consolidation from the 1.2790 low as prices consolidate losses from the 1.3100, November swing high. Daily studies have bottomed out at oversold areas and suggest scope for bounce to resistance at the 1.2890/1.2900 area. Higher still, will see room to strong resistance at 1.2930 congestion which is expected to cap. Corrective gains are expected to give way to selling pressure later. Break of the 1.2800 level will see room for deeper pullback to 1.2750 congestion but focus will return to the 1.2712/1.2700, September/July lows.