USD/SGD Range-Bound as Upside Momentum Fades: UOB
UOB's Quek Ser Leang notes that USD/SGD has lost upside momentum after briefly breaching support at 1.2925, keeping the pair range-bound.
USDSGD
United Overseas Bank (UOB) strategist Quek Ser Leang observes that USD/SGD has shifted to a range-bound consolidation pattern after a brief breach of support at 1.2925. The move failed to sustain upside momentum, indicating a neutral short-term bias.
Key levels to watch include the 1.2925 support and recent resistance zones. Traders should expect continued sideways trading until a clear breakout emerges.
Source: FXStreet Forex News