US Greenback (USD) snapped decline in a single day as US knowledge – preliminary jobless claims, prelim providers PMI stunned to the upside whereas UST yields drifted increased. DXY was final at 97.71 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong be aware.
2-way trades probably
“Day by day momentum was flat however RSI rose. 2-way trades probably, with threat slight skewed to the upside within the interim. Resistance at 97.60 (21 DMA), 98.35 (50 DMA), 99.60 ranges (23.6% fibo retracement of 2025 excessive to low). Help at 97, 96.40 ranges. Day forward brings sturdy items orders.”
