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7 Feb 2022

USD/IDR could extend the upside above 14,405 – UOB

In opinion of Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/IDR could edge higher and surpass the 14,405 level.

Key Quotes

“At the time of writing, USD/IDR appears poised to break clearly above the major resistance at 14,405 (declining trend-line resistance). A clear break of this level is likely to lead to further USD/IDR strength.”

“The next resistance level of note is at Dec’s high of 14,448. Support is at 14,345 but only a break of 14,325 would indicate that the current upward pressure has eased.”

Feb 7, 2022

EUR/JPY Price Analysis: Further gains remain in the pipeline

EUR/JPY’s upside bias seems to have run out of steam soon after hitting new peaks near 132.20 during early trade at the beginning of the week. In ligh
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Feb 7, 2022

US Dollar Index Price Analysis: Another leg lower could test the 2022 low

Friday’s bounce in DXY meets initial resistance near 95.60 at the beginning of the week. Another bout of weakness could prompt the index to retest the
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