USD/SGD continues to trade within the Monetary Authority of Singapore’s policy band, with the Singapore dollar’s NEER estimated at 1.50% to 1.80% above the midpoint. That positioning implies an indicative USD/SGD range of 1.279 to 1.283, with resistance seen near 1.2835 and stronger support revised higher to 1.2775. Short-term price action has shown limited upward momentum, leaving the pair biased towards range-bound trading rather than a sustained move.
Recent Session Developments
In the latest session, the US dollar rose to 1.2810 and closed 0.10% higher at 1.2797, before later reaching 1.2827 and then easing to finish 0.10% higher at 1.2810. With momentum described as unchanged, the near-term expectation is for a trading range, most likely between 1.2785 and 1.2820. Over a one- to three-week horizon, a break below 1.2765 has been framed as a marker for extended range-trading, while the support level has now been adjusted to 1.2775, and 1.2835 remains a ceiling for now.
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