Technical View: US Dollar Keeps Upward Bias Against Singapore Dollar
UOB strategist Quek Ser Leang sees the US dollar still trending higher against the Singapore dollar, with 1.2871 a key level this week.
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what happened
Daily and weekly charts show the upward bias of the US dollar against the Singapore dollar is still intact, according to a note from Quek Ser Leang of UOB Global Economics & Markets Research, reported by Market Talk. The senior technical strategist notes that the pair's weekly MACD looks close to crossing into positive territory.
The pair has also moved clearly above the upper edge of the daily Ichimoku cloud, but the top of the weekly cloud limited gains at 1.2871 this week. The strategist says the pair needs to break above that level to extend its advance.
According to FactSet data, the US dollar was 0.1% higher at 1.2825 Singapore dollars at the time of the report.
why it matters
For currency traders, the 1.2871 level remains the key reference point, since technical analysts view it as the threshold for further dollar gains against the Singapore dollar. This read is based on chart signals and is not a forecast of where the rate will go next.
tags
instruments
sources
- U.S. Dollar's Bias Vs. Singapore Dollar Still Upward, Charts Show — Market Talk, 16 October 2026 at 01:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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