USD could weaken; given the oversold conditions. Downward momentum has increased, albeit not significantly, UOB Group’s FX analyst Quek Ser Leang and Lee Sue Ann note.
Downward momentum has increased
24-HOUR VIEW: “Yesterday, we indicated that ‘The current price action is likely part of a range trading phase, probably between 153.60 and 154.70.’ Our view was incorrect, as USD tumbled to a low of 152.97 before closing at 153.10 (--0.72%). Strong downward momentum suggests further USD weakness. However, given the oversold conditions, any decline may not be able to break clearly below 152.50. To sustain the momentum, USD must stay below 153.80 (minor resistance is at 153.40).”
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.ceo
加载失败()