The US Dollar (USD) is expected to trade in a range, likely between 148.90 and 149.90.
The US Dollar is expected to trade in a range, likely between 148.90 and 149.90. In the longer run, there has been no further increase in momentum; a breach of 148.40 would indicate that USD is not rising further, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. To trade between 148.90 and 149.90 24-HOUR VIEW: “We expected USD to trade in a 148.55/149.60 range yesterday. USD then traded between 148.86 and 149.81, closing 149.62 .
The price movements provide no fresh clues, and we continue to expect USD to trade in a range, likely between 148.90 and 149.90.” 1-3 WEEKS VIEW: “We continue to hold the same view as yesterday . As highlighted, the price action over the past few days did not result in further increase in momentum. From here, a breach of 148.40 would indicate that USD is not rising further. Note that we have held a positive USD view since the start of the month.
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