Published: 2025-09-22T02:29:31.000Z
Chart USD/SGD Update: Extending gains
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Break above the 1.2800 resistance has seen gains to reach the 1.2850/55 resistance
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3000 | ** | Aug high | S1 | 1.2800 | ** | congestion |
| R3 | 1.2940 | * | Jun high | S2 | 1.2745 | * | 24 Jul low |
| R2 | 1.2900 | ** | congestion | S3 | 1.2712 | ** | 17 Sep low |
| R1 | 1.2850/55 | * | congestion, 11 Sep high | S4 | 1.2700 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
02:25 GMT - Break above the 1.2800 resistance has seen gains to reach the 1.2850/55 resistance. Higher will further extend bounce from the 1.2712 low of last week and see room to the 1.2900 level which is expected to cap. Clearance will open up room for extension to 1.2940 June high but potential will be seen for retest of 1.3000, August high. However, gains are seen corrective and expected to give way to selling pressure later. Meanwhile, support is at the 1.2800 congestion and break here will return focus to the downside for retest of the 1.2745 support then 1.2712/00, 17 September low and July current year low.