UOB strategists identify increased bearish momentum for USD/SGD, setting a short-term target of 1.2750 while maintaining a cautious outlook on upside risks above the 1.2871 resistance threshold.
UOB notes strengthened short-term downward momentum in USD/SGD, targeting 1.2750, though broader view sees upside risk if 1.2871 breaks.
United Overseas Bank strategists report strengthened short-term downward momentum for the USD/SGD pair. While the pair consolidated within a narrow range on Wednesday, analysts anticipate a potential decline toward the 1.2750 level in the coming days.
UOB strategists expect the pair to maintain downward momentum, targeting 1.2750 in the near term as long as it stays below 1.2805.