USD/SGD's Downtrend Seems to Be Attempting to Form a Base, Chart Shows -- Market Talk
Dow Jones
Oct 06, 2025
0442 GMT - USD/SGD's downtrend from early-January high of 1.3750 seems to be attempting to form a base, according to the weekly chart, says Quek Ser Leang of UOB's Global Economics & Markets Research in a research report. The currency pair's weekly moving average convergence divergence indicator has stayed in positive territory since early August, the senior technical strategist notes. However, USD/SGD must break clearly above 1.3000 before a further rise toward significant resistance zone between 1.3085, the 55-week exponential moving average, and 1.3135, the descending weekly trendline, can be expected, the strategist adds. USD/SGD is 0.3% higher at 1.2920, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 06, 2025 00:42 ET (04:42 GMT)
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