Created
: 2025.10.10
2025.10.10 20:43
US Dollar (USD) is likely to trade in a range of 152.40/153.40. In the longer run, further USD strength is likely; the level to watch is 153.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
24-HOUR VIEW: "USD rose to a high of 152.99 two days ago and then pulled back. Yesterday, when USD was at 152.50, we were of the view that 'there is a chance for USD to test 153.00 again before a more sustained and sizeable pullback can be expected.' The subsequent price movements did not turn out as expected, as USD fluctuated between 152.21 and 153.23 before closing at 153.06, up by 0.25%. Today, we expect USD to range-trade, but the firm underlying tone suggests it is likely to trade in a higher range of 152.40/153.40."
1-3 WEEKS VIEW: "We turned positive on USD at the start of the week. On Wednesday (07 Oct, spot at 150.35), we highlighted that "further USD strength is likely, and the level to watch is 153.80." There is no change in our view. Overall, only a breach of 151.40 ('strong support' level previously at 150.90) would indicate that USD is not strengthening further."
Created
: 2025.10.10
Last updated
: 2025.10.10
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy