UOB analysts maintain a near-term trading range for USD/SGD but warn of potential downside if support at 1.2765 breaks.
The USD/SGD pair remained largely unchanged at 1.2805 on Tuesday, with momentum described as flat. United Overseas Bank analysts kept a 24-hour trading band of 1.2785–1.2815, noting no clear directional bias in recent sessions.
The bank reiterated downside risks over a 1–3 week horizon but stressed that a break below 1.2765 is required to target 1.2740. Resistance at 1.2840 remains a key barrier, with no change in the ‘strong resistance’ level. The pair briefly dipped to 1.2772 before rebounding, but downward momentum has not accelerated.
No immediate market reaction was noted, as the pair continues to trade within a tight range.