Singapore Dollar: Gains momentum against US Dollar – OCBC

FXStreetJun 26, 2026 9:58 PM

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OCBC’s FX strategists Sim Moh Siong and Christopher Wong highlight that USD/SGD has eased as US Dollar (USD) momentum softened on core Personal Consumption Expenditures (PCE) Price Index data, with the pair around 1.2960. Bullish daily momentum remains, but Relative Strength Index (RSI) is turning lower from overbought, and they are monitoring whether this turnaround extends or attracts dip-buying. They flag potential distortion from quarter-end flows and outline nearby support and resistance levels.

Pair eases as USD momentum softens

"USD/SGD found reprieve overnight as USD momentum eased on core PCE data. Pair was last at 1.2960 levels."

"Bullish momentum on daily chart remains intact though RSI shows tentative signs of turning lower from near overbought conditions. We continue to monitor if the turnaround has legs or if dip-buying resurfaces."

"Quarter/month-end flows may potentially distort price action. Support at 1.2940, 1.29 (61.8% fibo retracement of Dec high to 2026 low), 1.2840/50 levels (200 DMA, 50% fibo). Resistance at 1.2980 (76.4% fibo), 1.3030 levels."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

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