USD/SGD: Tracking USD movements – OCBC
Source Fxstreet
USD/SGD fell, tracking broader moves in the USD. USD/SGD fell; last seen trading at 1.3428, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Consolidation likely with some rebound risks
"In the interim, no immediate tariff is supportive of risk sentiments while also taming USD bulls. But tariff concerns remain, and this could still keep risk appetite restrained, thereby implying that USD dips may still find support."
"Daily momentum remains bearish while RSI shows signs of turning higher from near oversold conditions. Consolidation likely with some rebound risks. Resistance at 1.3520/40 levels (50 DMA, 23.6% fibo retracement of Sep low to Jan high), 1.3630 (21 DMA)."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
My Top 5 Stock Market Predictions for 2026Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Gold price (XAU/USD) trades on a flat note around $4,455 during the early Asian session on Thursday. The precious metal steadies as US-Iran peace negotiations face uncertainties.
West Texas Intermediate (WTI) oil price extends its losses for the third successive day, trading around $87.20 per barrel during the Asian hours on Friday.
Here is what you need to know on Friday, May 29:
Related Instrument
