<\/p>\n
The US Dollar (USD) is likely to edge higher. As upward momentum is not strong; any advance is unlikely to reach 7.2980. USD is still trading in a 7.2600\/7.3100 range, UOB Group FX strategists Quek Ser Leang and Peter Chia note.<\/p>\n
24-HOUR VIEW: \u201cWe expected USD to trade in 7.2682\/7.2880 range last Friday. USD then traded between 7.2763 and 7.2895, closing at 7.2867 (+0.11%). There has been a slight increase in momentum. Today, USD is likely to edge higher. As upward momentum is not strong, any advance is unlikely to reach 7.2980. Support is at 7.2770, followed by 7.2700.\u201d<\/p>\n
1-3 WEEKS VIEW: \u201cOur most recent narrative was from last Thursday (18 Jul, spot at 7.2680), wherein \u2018downward momentum is building again, but USD must break and stay below 7.2600 before a decline to 7.2400 can be expected.\u2019 We indicated that \u2018the chance of USD breaking clearly below 7.2600 will remain intact provided that 7.2900 is not breached.\u2019 On Friday, USD rose, reaching a high of 7.2895. While our \u2018strong resistance\u2019 of 7.2900 has not been clearly breached yet, the buildup in momentum has largely faded. From here, it appears that USD is still trading in a 7.2600\/7.3100 range.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The US Dollar (USD) is likely to edge higher. As upward momentum is not strong; any advance is unlikely to reach 7.2980. USD is still trading in a 7.2600\/7.3100 range, UOB Group FX strategists Quek Ser Leang and Peter Chia note. Rangebound within 7.2600\/7.3100 24-HOUR VIEW: \u201cWe expected USD to trade in 7.2682\/7.2880 range last […]<\/p>\n","protected":false},"author":2,"featured_media":156308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,308,12288,256,254],"class_list":["post-349532","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-usdcnh","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349532","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=349532"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349532\/revisions"}],"predecessor-version":[{"id":349533,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349532\/revisions\/349533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/156308"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=349532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=349532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=349532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}