USD/SGD Consolidates Near Recent Lows – UOB
USD/SGD slipped to 1.2929 before recovering, with UOB noting intraday range trading expected between 1.2930 and a resistance level.
USD/SGD
United Overseas Bank (UOB) analyst Quek Ser Leang reported that USD/SGD briefly touched a low of 1.2929 before rebounding. The currency pair is currently consolidating near recent lows, with intraday action characterized as range trading.
UOB expects the pair to trade between 1.2930 and an upper resistance level in the near term, reflecting a lack of directional momentum despite the earlier dip. The Singapore dollar remains under moderate pressure against the US dollar.
Source: FXStreet Forex News