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NZD/USD: Has a chance to edge above 0.5705 before levelling off – UOB Group
New Zealand Dollar (NZD) could edge above 0.5705 before levelling off; the next resistance at 0.5725 is unlikely to come under threat. In the longer run, there has been a tentative buildup in momentum; NZD could rise gradually to 0.5725, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Feb 6, 2025
AUD/USD: Can edge higher and test 0.6310 – UOB Group
While conditions remain overbought, AUD could edge higher and test 0.6310. A sustained rise above this level is unlikely. In the longer run, If AUD closes above 0.6310, it could trigger an advance to 0.6355, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Feb 6, 2025
USD/JPY: Might not be able to break the significant support at 151.80 – UOB Group
US Dollar (USD) could drop further; given the oversold conditions, it might not be able to break the significant support at 151.80. In the longer run, outlook for USD is negative but note the significant support level at 151.80, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Feb 6, 2025
GBP/USD: Above 1.2550 a sustained can be expected – UOB Group
The Pound Sterling (GBP) is expected to consolidate in a 1.2460/1.2540 range. In the longer run, GBP has to break and remain above 1.2550 before a sustained advance can be expected, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Feb 6, 2025
EUR/USD: Likely to trade between 1.0360 and 1.0430 – UOB Group
Instead of continuing to rise, Euro (EUR) is likely to trade between 1.0360 and 1.0430. In the longer run, outlook is unclear; EUR could trade in a broad range of 1.0250/1.0490 for the time being, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Feb 6, 2025
USD/CNH: Likely to trade in a lower range of 7.2680/1.3200 – UOB Group
Instead of continuing to decline, US Dollar (USD) more likely to trade in a lower range of 7.2680/1.3200. In the longer run, outlook is mixed; USD could trade in a 7.2430/7.3580 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Feb 5, 2025
USD/JPY: USD is likely to trade in a range – UOB Group
US Dollar (USD) is under mild downward pressure; it could edge lower, but any decline is unlikely to break below 153.70. In the longer run, for the time being, USD is likely to trade in a 153.70/156.70 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Feb 5, 2025
NZD/USD: Likely to trade in a 0.5510/0.5705 range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a 0.5605/0.5680 range. In the longer run, current price movements are likely part of a 0.5510/0.5705 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Feb 5, 2025
GBP/USD: A sustained break above 1.2530 is unlikely – UOB Group
The Pound Sterling (GBP) could rise further; overbought conditions suggest a sustained break above 1.2530 is unlikely. In the longer run, for the time being, GBP is expected to trade in a range of 1.2245/1.2530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Feb 5, 2025
