Singapore Dollar: Range bias holds near 1.2835 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD was little changed around 1.2800 on Friday and expect consolidation to persist. Intraday, they see the pair confined between 1.2790 and 1.2820, with 1.2775 as strong support. Over the next few weeks, upward momentum is rebuilding but seen too weak for a sustained break above 1.2835.