USD/SGD was little changed around 1.2800 on Friday after trading in a tighter 1.2789 to 1.2815 band, ending the session at 1.2800, down 0.08%. With momentum showing no clear shift, the pair is expected to remain range-bound in the near term, with intraday parameters seen at 1.2790 to 1.2820.
Near-Term Trading Range
Over a one- to three-week horizon, upward momentum is described as rebuilding but still considered insufficient for a sustained move through 1.2835, leaving the exchange rate consolidating below that level.
Key Support and Resistance Levels
Attention is on 1.2775 as strong support; only a break beneath it would indicate the upside bias has faded. The note referenced a prior view dated 08 Oct, when spot was 1.2795.
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