UOB analysts anticipate a mild recovery for USD/SGD toward 1.2835, supported by a technical floor at 1.2765 despite recent intraday volatility.
UOB expects USD/SGD to hold a range with a mild recovery bias toward 1.2835, suggesting slight USD strength.
United Overseas Bank strategist Quek Ser Leang projects a mild recovery for USD/SGD, targeting the 1.2835 level in the coming weeks. While the pair recently slipped to 1.2781, technical support remains firm at 1.2765, suggesting limited downside risk for the dollar against the Singapore currency.
UOB maintains a mild recovery bias for the pair, expecting it to trend toward 1.2835 over the next one to three months.