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FXstreet.com (Barcelona) - USD/SGD is last at 1.2562 bids, off recent session lows at 1.2550, above yesterday's and fresh 4-day lows at 1.2545, losing some -0.45% since previous Asia-Pacific open yesterday. The pair had a weekly high yesterday at 1.2646, highest of last 5 days, while currently flat for the week. Local share markets trade slightly on the green, with Nikkei index higher by +0.38%.

UOB economist Ho Woei Chen says gloomy outlook for global and domestic growth could put bearish pressure into USD/SGD, as cited by Chunha Wong for DowJones: "Underlying risk still remains in global markets and upcoming economic data is likely to remain weak," Ho said, tipping the pair's support at 1.2520 and resistance at 1.2640. Singapore June industrial production will be released at 05:00 GMT though it is not expected to have great impact on the currency, the economist says.

Immediate support to the downside for USD/SGD sits at recent session and yesterday's lows at 1.2550/40, followed by July 19 lows/May 07 highs at 1.2524, and March 09/April 03 lows at 1.2502, while for the upside closest resistance comes at recent session highs and key line for past 6 days at 1.2576/80, followed by July 03/05/11 lows at 1.2604/08, and July 25 highs/May 22-July 17/20 lows at 1.2645/9.

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