0442 GMT - USD/SGD could fall further toward 1.2705, based on the daily chart, says Quek Ser Leang of UOB's Global Economics & Markets Research in a report. The currency pair's upward pressure has abated and the daily moving average convergence divergence indicator is nearing a negative crossover, the senior technical strategist notes. A clear break below 1.2705 could spark a sharp decline as there's little support until the round-number level of 1.2600. To sustain current downward pressure, USD/SGD should ideally stay below 1.2820, the strategist adds. USD/SGD is down 0.2% at 1.2761. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 26, 2025 00:42 ET (04:42 GMT)
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