A slight increase in the bearish impulse will probably lead to a lower range than 7,1750/7,1930. In the long term, the US dollar (USD) has probably entered a trade phase in the range of 7,1620/7,2200, the FX analysts of UOB Group, quek be Leang and Peter Chia point out.
Slight increase in bass impulse
24-hour vision: “We expected the USD” to be negotiated in a range between 7,1830 and 7,2030 “yesterday. The USD was then negotiated between 7,1854 and 7,1975, closing slightly lower in 7,1860 (-0.13%). There has been a slight increase in the bearish impulse, but this will probably lead to a lower range of 7,1750/7.1930 sustained. “
Vision at 1-3 weeks: “Our most recent narrative was last Monday (June 9, Spot in 7,1870), where the USD has probably re-entered a phase of trade in rank, probably between 7,1620 and 7,2200. ‘ It has been more than a week, and the USD continues to negotiate within the range, and we continue to maintain the same vision for now. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
