Published: 2026-01-02T02:13:44.000Z
Chart USD/SGD Update: Consolidating, room for lower later
-
Consolidating at the 1.2818 low but pressure remains on the downside
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3085/100 | ** | 12 May high, congestion | S1 | 1.2818 | * | 30 Dec low |
| R3 | 1.2980/00 | ** | congestion, Aug high | S2 | 1.2800 | ** | May low, congestion |
| R2 | 1.2900/30 | * | congestion | S3 | 1.2750 | * | congestion |
| R1 | 1.2870 | 16 Dec low | S4 | 1.2712/00 | ** | Sep, Jul YTD lows |
Asterisk denotes strength of level
02:10 GMT - Consolidating at the 1.2818 low but pressure remains on the downside and see room for break here extend losses from the 1.3085/1.3100, November highs. Lower will see room to strong support at the 1.2800, May low and congestion area. Below this will return focus to the 1.2712/1.2700, September/July lows. Break here will extend losses from the 2020 year high to retrace gains from the 2011 low. Meanwhile, resistance is lowered to 1.2870 and this extend to the 1.2900/30 area which is expected to cap and sustain losses from the November high.