USD/SGD traded within a well-defined range on Friday, with support and resistance levels highlighted by United Overseas Bank strategist Quek Ser Leang. According to FX Street, the pair slipped to 1.2781, while the SGD NEER remained comfortably above its midpoint, indicating relative strength in the Singapore dollar.
For the intraday session, USD/SGD is expected to stay between 1.2768 and 1.2832, aligning with technical levels at 1.2775 and 1.2815. Looking further ahead, FX Street noted that over a 1–3 week and 1–3 month horizon, the pair could recover toward 1.2835, with strong support identified at 1.2765.
Japanese investors monitoring regional FX pairs should note that the SGD’s resilience amid USD fluctuations could influence flows in Asia’s currency markets, impacting cross-border trade and investment decisions.