Singapore Dollar: Bullish bias within tight range against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note USD/SGD held a narrow range on Wednesday and expect consolidation between 1.2765 and 1.2785 intraday. However, they highlight that short-term downward momentum has strengthened, opening scope for a move toward 1.2750 over the coming days, provided the pair stays below resistance at 1.2805. Their broader 1–3 month view…
United Overseas Bank strategists Quek Ser Leang and Lee Sue Ann report that the USD/SGD pair has been trading within a tight range of 1.2765 to 1.2785 over the past few days. They note that short-term downward momentum has strengthened, which could potentially lead to a move towards the 1.2750 level if the pair remains below the resistance level of 1.2805. They also maintain an optimistic outlook for the USD/SGD pair over the next one to three months, highlighting that upside risk remains if the 1.2871 level breaks.
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