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The US Dollar (USD) is expected to trade in a range between 152.80 and 154.80. Weakness in USD appears to be stabilizing; a breach of 155.00 would indicate that USD is not declining further, UOB Group FX analysts Quek Ser Leang and Peter Chia note.<\/p>\n
24-HOUR VIEW: \u201cWe pointed out yesterday that \u2018the impulsive momentum suggests further USD weakens, and support levels are at 152.50 and 152.00.\u2019 USD subsequently fell to a low of 151.93 and then snapped back up to end the day largely unchanged (153.93, +0.04%). Oversold conditions, combined with tentative signs of slowing momentum suggest that USD is unlikely to weaken further. Today, we expect USD to trade in a range between 152.80 and 154.80.\u201d<\/p>\n
1-3 WEEKS VIEW: \u201cYesterday (25 Jul, spot at 153.30), we indicated that USD \u2018remains weak, and the next level to monitor is at 152.00, followed by 151.30.\u2019 USD then dropped below 152.00 before rebounding strongly from a low of 151.93. While further weakness is not ruled, the decline that started two weeks ago (as annotated in the chart<\/a> below) appears to be stabilizing. However, only a breach of 155.00 (no change in \u2018strong resistance\u2019) would indicate USD is not declining further.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The US Dollar (USD) is expected to trade in a range between 152.80 and 154.80. Weakness in USD appears to be stabilizing; a breach of 155.00 would indicate that USD is not declining further, UOB Group FX analysts Quek Ser Leang and Peter Chia note. A breach of 155.00 to indicate USD has stabilized 24-HOUR […]<\/p>\n","protected":false},"author":2,"featured_media":14709,"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-352628","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\/352628","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=352628"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352628\/revisions"}],"predecessor-version":[{"id":352632,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352628\/revisions\/352632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/14709"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=352628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=352628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=352628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}