trategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view:Our expectation for USD to strengthen yesterday did materialise as it traded sideways in a quiet manner between 7.3230 and 7.3332 before closing largely unchanged at 7.3230 . The price action is likely part of a consolidation phase.
Today, USD could continue to trade sideways, albeit likely in a wider range of 7.3150/7.3350. Next 1-3 weeks:There is not much to add to our update from yesterday . As highlighted, the recent buildup in downward momentum has faded. For the time being, USD is likely to trade in a range between 7.3050 and 7.3470.