0504 GMT - The U.S. dollar is likely to stay broadly supported against its Singapore counterpart, based on the weekly chart, says Quek Ser Leang of UOB's Global Economics & Markets Research. The U.S. dollar-Singapore dollar pair's weekly moving average convergence divergence indicator has swung back to positive following its strong rebound last week, the senior technical strategist says. While upward momentum is starting to build and there's room for the currency pair to rise further, the strategist notes there's a significant resistance area between 1.2880 and 1.2900. To sustain the current build-up in momentum, the currency pair should ideally remain above short-term support at 1.2735, the strategist says in a research note. The U.S. dollar is 0.1% higher at 1.2812 Singapore dollars, FactSet data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 18, 2026 01:04 ET (05:04 GMT)

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