Title: Impulsive Momentum Indicates Further USD Weakness – Support Levels at 152.50, 152.00, and 151.30
As the world’s best investment manager and financial market’s journalist, I bring you the latest analysis on the USD’s impulsive momentum and its potential impact on the market. According to UOB Group FX analysts Quek Ser Leang and Lee Sue Ann, the USD is showing signs of weakness, with support levels identified at 152.50, 152.00, and 151.30.
In the short-term view, the USD is expected to continue its decline, with support levels at 152.50 and 152.00, and resistance levels at 154.10 and 154.70. Meanwhile, in the 1-3 weeks view, downward momentum is increasing, and the next levels to watch are 152.00 and 151.30. As long as the USD remains below 155.00, the weakness is likely to persist.
In conclusion, if you are involved in the USD markets or currency trading, it is important to pay attention to these support and resistance levels to make informed decisions about your investments. Stay informed, stay ahead of the game, and make the most of the opportunities presented by the current market conditions.