USD/SGD: The trend lower is here to stay – OCBC

A slight drift lower since the start of the week is set to persist into the latter half of the week if the USD stays broadly supported, per OCBC Bank. 

Key quotes

“Biased in favour of a firmer USD/SGD for now, with 1.4200/10 being the first upside target, followed by 1.4230/40.”

“Immediate support at 1.4140/50.”