OCBC analysts see bearish momentum for USD/SGD near 1.28
OCBC analysts note that USD/SGD fell after the US payroll report and is trading near 1.28, with bearish momentum starting to build.
USDSGD
USD/SGD declined following the latest US payroll data, retreating to around the 1.28 handle. OCBC analysts Sim Moh Siong and Christopher Wong highlighted that bearish momentum is beginning to emerge for the pair.
The note did not provide further details on targets or triggers. The move suggests a near-term shift in favor of the Singapore dollar.
Source: FXStreet Forex News