Published: 2025-10-30T02:28:28.000Z
Chart USD/SGD Update: Extend choppy trade below 1.3000
-
Turned up in choppy trade from above the 1.2917/00 support as prices extend consolidation below the 1.3000 level
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3130 | * | May high | S1 | 1.2950 | * | Sep high, congestion |
| R3 | 1.3100 | * | 38.2% Jan/Jul fall | S2 | 1.2917/00 | ** | 17 Oct low, congestion |
| R2 | 1.3085 | * | 12 May high | S3 | 1.2860 | * | 5 May low |
| R1 | 1.3000/18 | ** | Aug, 14 Oct highs | S4 | 1.2800 | * | 26 May low, congestion |
Asterisk denotes strength of level
02:20 GMT - Turned up in choppy trade from above the 1.2917/00 support as prices extend consolidation below the 1.3000 level. Negative daily studies suggest consolidation here to give way to selling pressure later. Below the 1.2950 congestion will expose the 1.2917/00 area to retest. Below this will open up room for deeper pullback to retrace gains from the 1.2712 September low and see room to support at the 1.2860/1.2800, May lows. Meanwhile, resistance at the 1.3000/18 highs are expected to cap. Clearance, if seen, will open up room for stronger gains to retrace January/July losses.