UOB Maintains Constructive USD/SGD Outlook, Targets 1.3000
United Overseas Bank analysts keep a bullish stance on USD/SGD after five consecutive daily gains, targeting a test of 1.2980 and eventually 1.3000 despite overbought conditions.
USDSGD
Analysts at United Overseas Bank (UOB), Quek Ser Leang and Lee Sue Ann, remain constructive on the USD/SGD pair following five consecutive daily gains.
While noting overbought conditions, they see further upside potential in the near term, with scope for a test of 1.2980. The broader target remains at the 1.3000 level.
Source: FXStreet Forex News