The perspectives are mixed; The USD is likely to be negotiated between 7,2950 and 7,3400. In the long term, a rupture of 7,2950 would mean that the USD is likely to be negotiated in a range instead of moving more, the FX analysts of the UOB group point out, to be Leang and Peter Chia.
Below 7,2950, ​​the USD is likely to be negotiated in a range
24 -hour view: “We expected the USD ‘to rise more’ yesterday, but we point out that ‘overcompra conditions suggest that it is unlikely that 7.4000 enters into play.’ We did not expect the strong fall that reached a minimum of 7,3020.
View of 1-3 weeks: “We expected ‘a greater advance in the USD’ yesterday, but we indicated that the level of 7.4000 would provide resistance. ‘ The USD rose to 7,3765 and then fell to a minimum of 7,3020. in a range instead of moving forward more. “
Source: Fx Street

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