0628 GMT - USD/SGD's downward momentum is building rapidly, based on technical analysis, says Quek Ser Leang of UOB's Global Economics & Markets Research in a research report. The currency pair has reached the 1.2600 support level much sooner than expected, sliding to a low of 1.2590 on Tuesday, the senior technical strategist notes. "Now that the declining weekly trendline support at 1.2600 has been breached, albeit slightly, the next long-term support sits at the 2014 low of 1.2365," the strategist says. To maintain the rapid build-up in downward momentum, USD/SGD should stay below 1.2720, the strategist adds. USD/SGD is little changed at 1.2597, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 28, 2026 01:28 ET (06:28 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.