Instead of continuing to weaken, the US Dollar (USD) is likely to trade in a range between 7.1000 and 7.1250. In the longer run, increasing momentum and breach of 7.1000 support level suggests USD is likely to decline further, potentially to 7.0660, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
USD is likely to decline further
24-HOUR VIEW: “After USD gapped lower in early Sydney trade yesterday, we indicated that ‘The sharp drop appears to be running ahead of itself, but there is room for USD to drop further to 7.1000 before stabilisation is likely.’ We did not expect USD to easily break below 7.1000 and plummet to a low of 7.0876. USD rebounded from the low, closing lower by 0.41% at 7.1103. The rebound in oversold conditions suggests that instead of continuing to weaken, USD is likely to trade in a range today, probably between 7.1000 and 7.1250.”
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.asia
加载失败()