A strong impulse could exceed over -sales conditions, but any new fall in the US dollar (USD) may not reach 142.20 today. In the long term, not only the probability of a recovery has been dissipated, but also increased the possibility that the USD falls to 142.20, the FX analysts of UOB Group point out, to be Leang and Peter Chia.
The probability of a recovery dissipated
24 -hour vision: “We indicate yesterday that ‘current price movements are probably part of a range of trade in rank, which is expected to be between 143.60 and 145.10.’ Our evaluation was incorrect, since the USD broke below 143.60, reaching a minimum of 143.16 before closing in 143.47. 142.50).
Vision 1-3 weeks: “In our most recent narrative on Monday (June 9, Spot in 144.70), we indicate that the increase in ascending impulse is not enough to indicate a sustained advance yet. ‘ However, we point out that ‘if the USD breaks and remained above 145.50, could potentially trigger a strong recovery.’ Yesterday, the USD broke below our level of ‘strong support’ of 143.60.
Source: Fx Street
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