USD/SGD well offered below 1.2800

FXstreet.com (Barcelona) – The USD/SGD foreign exchange rate is last trading at 1.2790 unchanged from previous weekly close Friday, retracing from Thursday’s high at 1.2865.

USD/SGD bullish chart still in play

IFRMarkets are still sticking to their bullish view on the pair while above the 1.2770 level. “USD/SGD slips to the bottom of the Bollinger uptrend channel at 1.2776 and then rebounds slightly, keeping the bullish chart signal in play. The pair could consolidate here for a bit, but as long as this key support is intact at the end of the day, further dollar upside looks likely,” IFRMarkets said.

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