UOB projects the pair to trade between 1.2890 and 1.2990 over the next three weeks as downward pressure eases.
USD/SGD is expected to remain range-bound, with intraday trading confined to 1.2905–1.2940 as recent price action offers no clear direction. UOB notes that upward momentum has stalled, limiting immediate upside potential.
Over the next one to three weeks, the bank anticipates a broader range of 1.2890–1.2990, citing eased downward pressure. A break above 1.3000 could target 1.3095 on a one to three-month horizon.
The pair traded quietly between 1.2914 and 1.2938 in recent sessions, reinforcing expectations of consolidation without fresh directional cues.