The US dollar (USD) could rise to 7,2880 before stabilizing; The main resistance in 7,2980 is unlikely to be reached. In the long term, the bullish impulse has decreased; A rupture of 7,2500 would indicate that the USD has entered a negotiation phase in the range, the FX analysts of UOB Group, quek being Leang and Peter Chia.
The bullish impulse has decreased
24 -hour view: “The USD briefly fell to 7,2532 two days ago and then bounced. Yesterday, we noticed that ‘the fall did not lead to a clear increase in the bearish impulse.’ ‘ We expected the USD ‘to negotiate in a range of 7,2550/7,2750.’ However, instead of negotiating in a range, the USD rose to 7,2842, closing at 7,2814 (+0.22%).
View to 1-3 weeks: “Our update yesterday (April 1, torque at 7,2640) remains valid. As stood out, although the upward impulse has decreased, only a break of 7,2500 (without change in the level of ‘strong support’) would indicate that the USD has entered a negotiation phase in the range. As long as the USD is not broken, there is a possibility that the USD 7.2980. “
Source: Fx Street
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