UOB: USD/SGD Mild Upside Capped by 1.2850 Resistance
UOB analysts note USD/SGD firmed modestly, closing at 1.2835 after testing levels near 1.2800 and 1.2840. Short-term momentum favors mild gains, but resistance at 1.2850 is expected to cap any upside.
USDSGD
USD/SGD edged higher in recent trading, according to UOB analysts Quek Ser Leang and Lee Sue Ann. The pair closed at 1.2835 after probing both the 1.2800 support and the 1.2840 level.
Short-term momentum has turned mildly bullish, but significant resistance at 1.2850 is likely to limit further gains.
Source: FXStreet Forex News