Singapore Dollar: Bullish bias within tight range against US Dollar – UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note USD/SGD held a narrow range on Wednesday and expect consolidation between 1.2765 and 1.2785 intraday. However, they highlight that short-term downward momentum has strengthened, opening scope for a move toward 1.2750 over the coming days, provided the pair stays below resistance at 1.2805. Their broader 1–3 month view still sees upside risk if 1.2871 breaks.