UOB: USD/SGD Range-Bound Between 1.2900–1.2935
United Overseas Bank notes that USD/SGD's downward momentum has slowed, with the pair expected to trade within a narrow 1.2900–1.2935 range intraday and consolidate over the next 1–3 weeks.
USDSGD
United Overseas Bank (UOB) analyst Quek Ser Leang commented on the Singapore dollar pair, observing that the recent sharp drop in USD/SGD has lost momentum. The pair is now expected to stay within a tight intraday band of 1.2900–1.2935.
On a 1–3 week horizon, UOB maintains a neutral stance, projecting continued consolidation. No clear directional breakout is anticipated in the near term.
Source: FXStreet Forex News