United Overseas Bank forecasts the pair to trade between 1.2890 and 1.2990 over the next 1-3 weeks.
The USD/SGD pair has eased from mild downward pressure, with United Overseas Bank (UOB) expecting it to remain range-bound. Intraday trading is projected between 1.2920 and 1.2960, while the broader 1-3 week range is seen at 1.2890–1.2990.
Earlier, UOB noted increased downward momentum but said a breach of 1.2955 resistance would signal continued range trading. The pair briefly touched 1.2956 before retreating, easing pressure on the lower bound.
Over a 1-3 month horizon, a break above 1.3000 could target 1.3095, though no immediate shift is expected.