The US dollar (USD) could rise even more up to 153.65; It is unlikely that the main resistance in 154.30 is threatened. In the long term, the bearish pressure has decreased; It is likely that the USD merchants in a range of 151.40/154.35 for the moment, the FX analysts of UOB Group, to be Leang and Peter Chia.
The USD is likely to be traded in a range of 151.40/154.35
24 -hour view: “In yesterday’s first Asian operations, we indicate that ‘the price action still seems to be part of a range of trade in rank, probably between 151.30 and 152.35.’ The USD was negotiated in a range of 151.63/152.60, closing in 152.48 (+0.32%). The level of 152.30 is not broken (the minor support is in 152.60), the USD could rise even more up to 153.65.
View of 1-3 weeks: “We became negative in the USD last Thursday (February 6, for 152.60). Friday (February 7, for 151.10), we point out that” the USD’s perspective remains negative, And the level to be monitored is 150.00. “The USD bounced in recent days, and today, broke our level of ‘strong resistance’ in 153.00. The rupture of the ‘strong resistance’ level means that the bearish pressure has decreased. The movements of current prices are probably part of a phase of trade in rank.
Source: Fx Street
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