{"id":329875,"date":"2024-06-24T15:24:00","date_gmt":"2024-06-24T09:54:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=329875"},"modified":"2024-06-24T15:24:00","modified_gmt":"2024-06-24T09:54:00","slug":"the-pair-to-rise-above-160-00-potentially-reaching-160-25-uob-group-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/the-pair-to-rise-above-160-00-potentially-reaching-160-25-uob-group-crypto-news\/","title":{"rendered":"The pair to rise above 160.00, potentially reaching 160.25 \u2013 UOB Group &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>As long as the US Dollar (USD) remains above 159.30, it could rise above 160.00, potentially reaching another resistance level at 160.25, UOB Group analysts note.<\/p>\n<h2 class=\"fxs_headline_medium\">A break below 158.80 to indicate more downside<\/h2>\n<p>24-HOUR VIEW: \u201cAfter AUD soared last Thursday, we indicated on Friday that \u2018strong momentum suggests further USD strength.\u2019 We also indicated that \u2018given that conditions are overbought, the major resistance at 159.50 is likely out of reach for now.\u2019 The anticipated USD strength exceeded our expectations, as USD surged to 159.84. Momentum remains strong, and further USD strength is not ruled out. Today, as long as USD remains above 159.30 (minor support is at 159.55), it could rise above 160.00, potentially reaching 160.25.<\/p>\n<p>1-3 WEEKS VIEW: \u201cWe have held a positive USD view since early last week (see annotations in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" data-fxs-autoanchor=\"\">chart<\/a> below). Last Friday (24 Jun, spot at 158.90), we noted that \u2018upward momentum has increased, and USD could continue to advance to 159.50, with a lower probability of it reaching 160.00.\u2019 While our view was not wrong, we did not quite expect USD to break above 159.50 and approach 160.00 as quickly (USD rose to a high of 159.84 in NY trade). From here, USD could break above 160.00, but note that there is another resistance level at 160.25. On the downside, should USD break below 158.80 (\u2018strong support\u2019 level was at 158.00 last Friday), it would indicate that USD is not strengthening further.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>As long as the US Dollar (USD) remains above 159.30, it could rise above 160.00, potentially reaching another resistance level at 160.25, UOB Group analysts note. A break below 158.80 to indicate more downside 24-HOUR VIEW: \u201cAfter AUD soared last Thursday, we indicated on Friday that \u2018strong momentum suggests further USD strength.\u2019 We also indicated [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,308,275,256,254],"class_list":["post-329875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=329875"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329875\/revisions"}],"predecessor-version":[{"id":329876,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329875\/revisions\/329876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/12571"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=329875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=329875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=329875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}