USD/SGD: Consolidation likely in the near term – OCBC
Source Fxstreet
USD/SGD continued to trade near recent highs; last seen at 1.3464, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
USD is waiting for a catalyst to move
“Mild bearish momentum on daily chart intact for now while RSI is flat. Consolidation likely in the near term. Resistance at 1.3490, 1.3520 levels. Support at 1.3390 (21 DMA), 1.3340 (200 DMA).”
“US payrolls data on Fri may provide the directional catalyst for USD while we continue to watch CNY fixing. S$NEER was last at 0.93% above model-implied mid. This still shows that SGD remains firmer vs. peers in the trade basket but it is less firm today (vs. than for most of the year).”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The cryptocurrency market showed selective altcoin outperformance in 2025, with Bitcoin maintaining a high dominance, suggesting continued investor preference for BTC.
TradingKey 2025 Markets Recap & Outlook | Wall Street Bullish on 2026: S&P 500 Forecast at 8,000 with AI Gains and Cyclical Stocks SoaringAs 2025 draws to a close, the U.S. stock market has delivered a series of exciting and astonishing moments.In early April, following President Trump's sudden announcement of tariff polici
As 2025 draws to a close, the U.S. stock market has delivered a series of exciting and astonishing moments.In early April, following President Trump's sudden announcement of tariff polici
Silver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.
Gold (XAU/USD) rises and hits its record high around $4,505 during the Asian session on Wednesday. The precious metal gains momentum as the Israel-Iran conflict and the rising in US-Venezuela tensions boost the safe-haven demand.
Gold Prices Surge Over 70% in 2025, While Bitcoin Falls Over 5%. Is There Still a Chance for a Reversal?On Tuesday (December 23), gold prices surged again, breaking above the $4,400 mark,
