USD/SGD Likely to Break Above Significant Resistance at 1.3070, Charts Show -- Market Talk

Dow Jones
2025/11/04

0330 GMT - USD/SGD is likely to break above the significant weekly resistance at 1.3070, based on improving technical momentum, Quek Ser Leang of UOB Global Economics & Markets Research says in a report. The daily moving average convergence divergence indicator turned positive Monday, suggesting upward momentum is building, the senior technical strategist notes. The weekly MACD has held in positive territory since early August and remains strong. A break above 1.3070, which comprises the 55-week exponential moving average and falling weekly trend line, would shift the focus to the weekly Ichimoku cloud's base, currently at 1.3255, the strategist adds. USD/SGD is little changed at 1.3045 after earlier touching 1.3066, its highest intraday level since mid-May, according to LSEG data. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

November 03, 2025 22:30 ET (03:30 GMT)

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