Analysts forecast near-term downside for USD/SGD but expect support at 1.2730 to limit further declines.
UOB analysts Quek Ser Leang and Lee Sue Ann project USD/SGD to edge lower and test 1.2760 in the coming weeks. However, they view a sustained break below that level as unlikely, citing strong support at 1.2730.
The pair is expected to remain range-bound between 1.2730 and 1.2820 over the next 1-3 weeks. This outlook aligns with recent consolidation patterns, with no immediate catalysts for a breakout.
No significant market reaction was noted following the forecast, as the view reinforces existing trading ranges for the currency pair.