Singapore Dollar: Range trade persists against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has slipped into a short-term range phase after a sharp pullback, with intraday trading expected between 1.2735 and 1.2775.
UOB's Quek Ser Leang observes that USD/SGD has entered a short-term trading range, with prices expected to fluctuate between 1.2735 and 1.2775. The outlook for the next 1-3 weeks remains positive, with key levels at 1.2800 and 1.2835, unless the 1.2710 level is breached. Yesterday, USD traded at 1.2780, and today, it is anticipated to trade within the range of 1.2735 to 1.2775.
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