The American dollar (USD) will probably boost higher, but every progress is unlikely to reach the main resistance of 7,2330. In a longer run, the rush down has largely disappeared; For now, it will probably be exchanged in the range 7,1850/7.2450, FX Group Quek Serand and Peter Chia analysts.
Replacement is unlikely to reach 7,2330
24-hour view: “Yesterday we expected USD to” trade in the side range 7,1990/7.2190 “. Our call to trading was not incorrect, although USD to a narrower extent than expected (7.2042/7.2178), closing to a large extent (7.2140. +0.06%) another resistance level at 7.2250.
1-3 weeks View: “We had a negative USD view from the beginning of this month. In our last narrative of last Friday (May 16, place at 7.2040) we emphasized that USD” was unable to make significant progress in minus “. We added: “However, only a violation of 7,2330 (” mighty level of resistance “) would indicate that the probability of a decline to 7,1700 has disappeared.
