Analysts maintain a 1.2890–1.2990 trading range for the pair over the next 1-3 weeks, citing tentative upward momentum.
USD/SGD opened stronger today, with UOB analysts noting tentative upward momentum after a quiet prior session. The pair faces resistance near 1.2945–1.2955 but remains within an expected range of 1.2890 to 1.2990 for the next 1-3 weeks.
The bank had previously flagged a potential break below 1.2890 but revised its view after a rebound, reinforcing the range-bound outlook. A break above 1.3000 could target the November 2025 high at 1.3095 over a 1-3 month horizon.
Support levels are identified at 1.2920 and 1.2910, while resistance remains at 1.2945 and 1.2955. The pair closed marginally lower at 1.2920 on Friday but opened firmer today.