Analysts project USD/SGD to test 1.2900, with 1.2915 seen as a key resistance level in the coming weeks.
United Overseas Bank analysts maintain a mildly positive outlook on USD/SGD, targeting a near-term test of 1.2900. The pair’s upside is expected to persist as long as it holds above 1.2830 over a 1-3 week horizon.
The 1.2915 level is identified as a tougher resistance point, suggesting potential consolidation before further gains. Recent price action reflects sustained USD strength amid broader market trends.
No immediate market reaction was specified, but the forecast aligns with ongoing USD momentum against regional currencies.