Singapore Dollar: Sideways bias holds above support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a constructive short-term view on USD/SGD, noting recent sideways trade around 1.2760.
UOB analysts Quek Ser Leang and Lee Sue Ann maintain a positive short-term outlook on USD/SGD, noting the currency pair's recent sideways trading around 1.2760. They anticipate the Singapore Dollar to remain within a narrow intraday range, with strong support at 1.2725 and resistance levels at 1.2800 and 1.2835. Over the past 24 hours, the USD moved sideways between 1.2745 and 1.2766, closing slightly higher at 1.2763 (+0.05%).
Further sideways trading is likely, but a slightly firmer underlying tone suggests a potential range of 1.2750/1.2775. UOB has been holding a positive USD stance since early last week, highlighting that the outlook remains positive. The key levels to watch are 1.2800 and 1.2835. If USD breaches 1.2725, it would indicate a range-trading phase.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
