USD/SGD traded a touch softer this morning, easing slightly away from its near-2024 high. Pair was last at 1.36 levels, OCBC’s FX analysts Christopher Wong notes.

Signs of pullback move lower in the near term

“Daily momentum is mild bullish while RSI shows signs of turning lower from overbought conditions. Technically, there is still signs of pullback move lower in the near term, but dips may still find support.”

“Support at 1.3510, 1.3470 (21 DMA). Resistance at 1.3620, 1.3670 levels S$NEER was last at 0.93% above model-implied mid.”