SGD/USD Range Boundaries Set Amid Positive Outlook

According to United Overseas Bank's (UOB) Quek Ser Leang, the Singapore Dollar has slipped into a short-term range phase against the US Dollar. The USD/SGD pair is currently trading between 1.2735 and 1.2775.

Intraday trading is expected to be confined within this range, but the outlook for the next 1-3 weeks remains positive. The advance from late last week is still intact unless a breach of 1.2710 occurs.

The levels to watch are at 1.2800 and 1.2835, with upside momentum remaining strong despite overbought conditions.