UOB analysts expect the currency pair to trade between 1.2900 and 1.2930, with potential downside if 1.2860 breaks.
The USD/SGD pair remains confined to a tight range, trading between 1.2900 and 1.2930 intraday. Recent sideways movement has limited volatility, with no clear breakout direction observed yet.
UOB maintains a cautious outlook, noting downside risks if support at 1.2860 is breached. Resistance at 1.2930 remains strong, reinforcing the current consolidation phase over the next 1-3 weeks.
No immediate market reaction was reported, as traders await further catalysts to shift the pair from its narrow band.