United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD stayed largely unchanged around 1.2805 on Tuesday, with momentum still flat. They keep a 24‑hour trading band at 1.2785–1.2815 and sees downside risks over the 1–3 week horizon, but stresses a clear break below 1.2765 is needed to open 1.2740, while resistance at 1.2840 caps the topside.
Dollar-Singapore Dollar stuck in tight band
“24-HOUR VIEW: USD traded within a narrow range and closed largely unchanged on Tuesday. Yesterday, we indicated that “momentum remains flat, and we continue to expect USD to trade in a range between 1.2785 and 1.2815.” USD traded in a quiet…
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