Singapore Dollar: Range trade persists against US Dollar – UOB

FXStreetJul 20, 2026 8:56 PM

View all comments（0）



United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD is stuck in a tight range after recent sideways trading, with intraday action expected between 1.2900 and 1.2930. On a 1–3 week horizon, the bank still sees downside risks if 1.2860 breaks, while 1.2930 remains strong resistance. On a 1–3 month view, support is highlighted near 1.2805.

Dollar-Singapore Dollar holds tight range

"24-HOUR VIEW: Following last Thursday’s price action, we highlighted on Friday that USD “appears to have entered a range-trading phase between 1.2890 and 1.2920.” USD subsequently traded within a range of 1.2897/1.2921 before closing little changed at 1.2920 (+0.09%). The price action provides no fresh clues. Today, USD could trade in a range between 1.2900 and 1.2930."

"1-3 WEEKS VIEW: Our most recent narrative was from last Thursday (16 Jul, spot at 1.2885), when we indicated that “downward momentum is starting to build, and should USD close below 1.2860, it could trigger a deeper decline.” Since then, USD has traded mostly in a range, and the build-up in momentum is starting to fade. However, we will maintain our view for now as long as 1.2930 (no change in ‘strong resistance’ level) is not breached."

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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Intel Job Cuts Reported Ahead of Earnings: Why AI Recovery Still Can’t Stop Data Center Unit From Shrinking Again?

TradingKey - Ahead of its upcoming second-quarter 2026 earnings report, Intel (INTC) has once again initiated an organizational restructuring. According to multiple media reports, Intel has notified employees in its Data Center & AI Group (DCG) that the company will implement a new round of layoffs.

Oracle Stock Price Forecast: AI Order Growth Is Strong But Stock Price Falls, Can the Stock Price Still Rise?

TradingKey - As of July 20 ET, Oracle (ORCL) shares fell 3.98% on the day, hitting a new year-to-date low of $120.03 and nearing last year’s low of $118.86. Although Oracle’s latest earnings report indicated that cloud business and AI infrastructure orders remain strong, market concerns regarding high capital expenditures, debt pressure, customer concentration, and free cash flow have continued to mount. This has resulted in a significant pullback from previous highs driven by the AI cloud rally. Since reporting earnings on June 10, Oracle's stock has seen a cumulative decline of 39.54%.

Intel (INTC) Price Forecast: Two Days From Earnings; 317% YoY Gain, 12% Options Swing

Intel reports Q2 2026 on Thursday after close. Up 317% in a year. 18A-P is in risk production. Apple and Microsoft are foundry partners. Options pricing a 12% swing. At $97, here is what Thursday needs to prove.

Japan and South Korea Stocks Rebound After Slump: Kioxia Leads Gains, Samsung, SK Hynix and SoftBank Rise

Japanese and South Korean stock markets rebounded following sharp declines, with the KOSPI and Nikkei 225 edging higher. Kioxia led the gains, while Samsung Electronics, SK Hynix, and SoftBank followed suit.

SpaceX Stock Price Prediction: Can Starship, Starlink and Space AI Support SpaceX’s Long-Term Valuation? Can the Stock Price Still Rise?

TradingKey - As of July 17 ET, SpaceX (SPCX) shares dropped 5.43% for the day to $123.99, falling below its $135 IPO price. Compared to its strong performance shortly after listing, when it surged above $200, the current share price is under sustained pressure. To the market, SpaceX remains a highly unique leader in space technology; however, high initial valuations, uncertainty surrounding Starship testing, and a re-evaluation of the commercialization pace by investors have pushed the stock into a short-term de-bubbling phase.

Featured Tools