You may have found strong short-term support – OCBC

USD/SGD continues to trade near recent lows, but the decline may have found strong near-term support. The pair was last at 1.2830, note OCBC FX analysts Frances Cheung and Christopher Wong.

Daily momentum is constant

“USD/SGD continued to trade near recent lows, but the decline may have found strong near-term support.”

“Daily momentum is steady, while RSI has risen. The risks are somewhat tilted upwards. Resistance at 1.2910, 1.2970 (21 DMA). Support at 1.2820, 1.2740 levels. Sell ​​your favorite rallies.”