To trade in a sideways range of 7.0700/7.1300 – UOB Group

The post To trade in a sideways range of 7.0700/7.1300 – UOB Group appeared on BitcoinEthereumNews.com.

The US Dollar (USD) is likely to trade in a sideways range of 7.0700/7.1300, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. Rangebound for the time being 24-HOUR VIEW: “Yesterday, we expected USD to trade in a range between 7.0900 and 7.1100 USD subsequently traded in a slightly higher range of 7.0928/7.1118. The price movements did not result in any increase in either downward or upward momentum. Today, we continue to expect USD to trade in a range, likely between 7.0910 and 7.1110.” 1-3 WEEKS VIEW: “Our update from yesterday (17 Sep, spot at 7.1005) remains valid. As highlighted, momentum indicators are mostly neutral, and USD is likely to trade in a sideways range of 7.0700/7.1300.” Source: https://www.fxstreet.com/news/usd-cnh-to-trade-in-a-sideways-range-of-70700-71300-uob-group-202409181042

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Filed under: News - @ September 18, 2024 1:25 pm