USD/SGD was little changed on Thursday, trading in a narrow range after moving between 1.2762 and 1.2785 and ending flat at 1.2774. Safe-haven flows and oil gains supported the US Dollar versus Asian currencies, while measured downward momentum kept price action biased lower rather than pointing to a sustained decline. In the near term, the pair is seen edging down within 1.2755–1.2780.
Short-Term Range and Price Drivers
Safe-haven flows and oil gains supported the US Dollar versus Asian currencies, while measured downward momentum kept price action biased lower rather than pointing to a sustained decline. In the near term, the pair is seen edging down within 1.2755–1.2780.
Medium-Term Outlook and Resistance Levels
Over a 1–3 week horizon, the stance remains negative, with risk still skewed towards 1.2750. That view is framed by resistance at 1.2795, which is expected to cap any rebound for now, following an earlier reference level of 1.2805.
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