Singapore Dollar: Range trade holds against US Dollar – UOB
United Overseas Bank (UOB) strategist Quek Ser Leang notes USD/SGD slipped to 1.2781 on Friday, with the SGD NEER staying well above its midpoint. For the intraday session, he expects the pair to hold within 1.2768–1.2832, aligning with technical levels at 1.2775/1.2815. On a 1–3 week and 1–3 month horizon, he still sees scope for a recovery toward 1.2835 while 1.2765 acts as strong support.
United Overseas Bank (UOB) strategist Quek Ser Leang reported that USD/SGD fell to 1.2781 on Friday, with the SGD NEER remaining well above its midpoint. Within the intraday session, he anticipates the pair to remain within the range of 1.2768–1.2832, matching technical levels at 1.2775/1.2815. Over the 1-3 week and 1-3 month periods, he still foresees a potential recovery towards 1.2835, while 1.2765 acts as a strong support level.
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