Opportunity for the US dollar (USD) to fall below 7,2700; The main support in 7,2430 seems to be out of reach. In the long term, the action of the acute but ephemeral price has resulted in a mixed perspective; The USD probably trades between 7,2430 and 7,3700 for now.
The ephemeral price action has resulted in a mixed perspective
24 -hour perspective: “We expected the USD to weaken last Friday, but we indicate that ‘the overall conditions suggest that any fall is unlikely that the main support reaches at 7,2430. We add,’ there is another support in 7,2700. ‘ The USD fell less than expected to 7,2788.
Perspective 1-3 weeks: “Our update last Friday (April 11, for 7,3100) is still valid. As stated, the recent action of the acute but ephemeral price has resulted in a mixed perspective. ‘ At the moment, we hope that the USD “trades between 7,2430 and 7,3700.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
