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fxJul 16, 2026, 7:57 PM

USD/SGD Downside Momentum Intensifies, UOB Sees Support at 1.2875

UOB analysts Quek Ser Leang and Lee Sue Ann note that USD/SGD downside momentum has intensified after a sharp intraday swing, with firm support highlighted at 1.2875.

USDSGD

United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann point to heightened downside risk for USD/SGD. The pair experienced a sharp intraday move, further accelerating bearish momentum.

According to the note, support is seen at 1.2875, a level that could act as a floor if selling pressure continues. The analysts emphasize that further upside risk for the Singapore dollar remains against the US dollar.

Source: FXStreet Forex News