The post Likely to trade in a range between 7.1200 and 7.1300 – UOB Group appeared on BitcoinEthereumNews.com. Momentum indicators are mostly flat; US Dollar (USD) is likely to trade in a range between 7.1200 and 7.1300. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD has likely entered a range-trading phase 24-HOUR VIEW: “We noted ‘a slight increase in downward momentum’ last Friday, and we were of the view that it ‘is likely to lead to a lower range of 7.1170/7.1280 rather than a sustained decline’. However, USD traded within a tight range between 7.1226 and 7.1268, closing largely unchanged at 7.1247 (+0.04%). Momentum indicators are mostly flat and today, we expect USD to trade in a range, most likely between 7.1200 and 7.1300.” 1-3 WEEKS VIEW: “Not much has changed since our update from last Friday (07 Nov, spot at 7.1230). As highlighted, USD ‘has likely entered a range-trading phase, and for the time being, we expect it to trade between 7.1120 and 7.1330’.” Source: https://www.fxstreet.com/news/usd-cnh-likely-to-trade-in-a-range-between-71200-and-71300-uob-group-202511101157The post Likely to trade in a range between 7.1200 and 7.1300 – UOB Group appeared on BitcoinEthereumNews.com. Momentum indicators are mostly flat; US Dollar (USD) is likely to trade in a range between 7.1200 and 7.1300. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD has likely entered a range-trading phase 24-HOUR VIEW: “We noted ‘a slight increase in downward momentum’ last Friday, and we were of the view that it ‘is likely to lead to a lower range of 7.1170/7.1280 rather than a sustained decline’. However, USD traded within a tight range between 7.1226 and 7.1268, closing largely unchanged at 7.1247 (+0.04%). Momentum indicators are mostly flat and today, we expect USD to trade in a range, most likely between 7.1200 and 7.1300.” 1-3 WEEKS VIEW: “Not much has changed since our update from last Friday (07 Nov, spot at 7.1230). As highlighted, USD ‘has likely entered a range-trading phase, and for the time being, we expect it to trade between 7.1120 and 7.1330’.” Source: https://www.fxstreet.com/news/usd-cnh-likely-to-trade-in-a-range-between-71200-and-71300-uob-group-202511101157