OCBC’s FX strategists Sim Moh Siong and Christopher Wong spotlight that USD/SGD has eased as US Greenback (USD) momentum softened on core Private Consumption Expenditures (PCE) Value Index knowledge, with the pair round 1.2960. Bullish every day momentum stays, however Relative Power Index (RSI) is popping decrease from overbought, and they’re monitoring whether or not this turnaround extends or attracts dip-buying. They flag potential distortion from quarter-end flows and description close by help and resistance ranges.
Pair eases as USD momentum softens
“USD/SGD discovered reprieve in a single day as USD momentum eased on core PCE knowledge. Pair was final at 1.2960 ranges.”
“Bullish momentum on every day chart stays intact although RSI exhibits tentative indicators of turning decrease from close to overbought circumstances. We proceed to watch if the turnaround has legs or if dip-buying resurfaces.”
“Quarter/month-end flows could probably distort value motion. Help at 1.2940, 1.29 (61.8% fibo retracement of Dec excessive to 2026 low), 1.2840/50 ranges (200 DMA, 50% fibo). Resistance at 1.2980 (76.4% fibo), 1.3030 ranges.”
(This text was created with the assistance of an Synthetic Intelligence instrument and reviewed by an editor.)
