Singapore Dollar: Buy dips against dollar in choppy range – OCBC

OCBC notes USDSGD is trading choppily in a subdued range, closely tracking moves in the USD, Oil and UST yields. The bank sees mild bullish momentum starting to fade and maintains a bias to sell rallies, with key support around 1.2720/60 and 1.2650/70 and resistance near 1.2840/50. The S$NEER remains comfortably above its model-implied mid.

Singapore Dollar supported on rallies

"USD/SGD traded choppy in subdued range, tracking the moves in USD, oil and UST yields."

"Pair was last around 1.2780 levels."

TMGM tahlili: Moliyaviy bozor yangiliklari, iqtisodiy kalendar va bozor tahlillari

"Mild bullish momentum on daily chart shows early signs of it fading while RSI eased."

"2-way trades still likely though bias remains to sell rallies."

"Area of support at 1.2720/60 levels (21, 100 DMAs, 61.8% fibo retracement of 2026 low to high) before 1.2650/70 levels (76.4% fibo)."

Resistance at 1.2840/50 levels (23.6% fibo, 200DMA). S$NEER last at 1.85% above model-implied mid.

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

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