OCBC strategists Christopher Wong and Sim Moh Siong spotlight that USD/SGD has softened as markets weigh de-escalation hopes, with technical alerts pointing to fading bullish momentum and a possible bearish part. They flags key help and resistance ranges round 1.2810–1.2780 and 1.29–1.2940. Forward of the upcoming Financial Authority of Singapore (MAS) assembly, OCBC sees all coverage choices open however leans towards a steeper S$NEER slope.
Key helps eyed earlier than MAS assembly
“USD/SGD traded softer in a single day as markets weigh de-escalation hopes. Pair was final seen at 1.2845. Bullish momentum on day by day chart continues to point out indicators of fading whereas RSI eased.”
“Value sample reveals a bearish engulfing candlestick, which can level to close time period bearish strain. Help at 1.2810/20 ranges (21, 100 DMAs), 1.2780 ranges (38.2% fibo retracement of Nov excessive to 2026 low).”
“Break under places subsequent help at 1.2780 (38.2% fibo), 1.2740 (50 DMA). Resistance at 1.29 (61.8% fibo), 1.2940.”
“All coverage choices are on the desk, although we lean extra in the direction of a steepening of the S$NEER coverage band slope.”
(This text was created with the assistance of an Synthetic Intelligence device and reviewed by an editor.)
