Singapore Dollar: Upside bias capped by 1.2780 against US Dollar – UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/SGD slipped on Friday but downside momentum remains only tentative. In the very near term, the pair is expected to stay confined between nearby support at 1.2780 and resistance at 1.2815. Over the coming 1–3 weeks, UOB sees scope for modest further Dollar weakness, though a clear break below 1.2765 is viewed as unlikely.