UOB: USD/SGD Consolidating in Narrow Range
UOB's Quek Ser Leang notes USD/SGD is consolidating after a Monday dip, with a neutral near-term outlook and a projected 1.2870–1.2970 range over 1-3 weeks.
USDSGD
UOB foreign exchange analyst Quek Ser Leang observes that the USD/SGD pair is consolidating after Monday's decline. Intraday momentum is described as flat, with the pair expected to trade within a tight band of 1.2925 to 1.2955 in the immediate session.
On a 1-to-3-week horizon, the bank maintains a neutral stance, projecting a broader range of 1.2870 to 1.2970. This reflects a lack of directional bias as the market digests recent moves.
Source: FXStreet Forex News