0458 GMT - USD/SGD is likely to fall further, based on the daily chart, says Quek Ser Leang of UOB's Global Economics & Markets Research in a research report. The pair dropped sharply last Friday and has extended losses today, falling below last year's low of 1.2700, the senior technical strategist says. "Given the sharp increase in downward momentum and the breach of the key support at 1.2700, USD/SGD is likely to weaken further, potentially toward the support at 1.2600," the strategist says. On the upside, prior support at 1.2790 now serves as firm resistance, the strategist adds. USD/SGD is down 0.5% at 1.2682, FactSet data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 25, 2026 23:58 ET (04:58 GMT)
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