The USD will probably be negotiated in a range between 7,1770 and 7,1970. In the long term, the USD has probably entered a negotiation phase in a range of 7,1620/7,2200, the FX analysts of UOB Group, to be Leang and Peter Chia.
The USD has probably entered a negotiation phase in a range
24 -hour vision: “We expected the USD ‘to be negotiated in a range between 7,1700 and 7,1950’ last Friday. The USD was later negotiated in a narrower range than expected (7,1713/7,1900). The price action does not provide new tracks, and we continue waiting for negotiation in rank today, probably between 7,1770 and 7,1970.”
Vision to 1-3 weeks: “In our most recent narrative last Monday (June 9, Spot in 7,1870), we highlight that the recent ‘mild bassist impulse has decreased, and the USD has probably re-entered a negotiation phase in a range, probably between 7,1620 and 7,2200.’ Since then, the USD has negotiated within the range, and our opinion remains unchanged 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.
