The US dollar (USD) will probably be negotiated in a range, probably between 151.30 and 152.35. In the long term, the USD’s perspective remains negative; The level to be monitored is 150.00, the FX analysts of the UOB Group, to be Leang and Peter Chia point out.
The USD’s perspective remains negative
24 -hour view: “After the price movements last Friday, we indicated yesterday (Monday) that ‘there has not been an increase in the bassist or bunder impulse.’ We consider that the USD ‘will probably be negotiated in a range between 151.10 and 152.70.’ Subsequently, the USD was negotiated in a narrower range than expected (151.24/152.53).
View 1-3 weeks: “We became negative at the USD last Thursday (February 6, Spot in 152.60). Friday (February 7, spot in 151.10), we pointed out, ‘The USD’s perspective remains negative, and the level to be monitored is 150.00.
Source: Fx Street
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