United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD slipped to 1.2809 but closed near 1.2821, with intraday bias still pointing lower. However, he highlights 1.2790 as significant support that may hold unless momentum improves, while 1.2845 marks the level that would negate the downside bias. Downside risk constrained by support"24-HOUR VIEW: USD fell to a low of 1.2809 last Friday before closing largely unchanged at 1.2821 (+0.06%). On the upside, a breach of 1.2845 would indicate that the downside bias has faded." Strong momentum suggests further downside risk, but USD must break and hold below the significant support at 1.2790 before further declines are likely.