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Figure Heloc 
US Dollar (USD) is expected to edge higher to 157.15; based on the current momentum, any further advance is unlikely to reach 157.50. In the longer run, USD is likely to trade in a range between 155.60 and 157.50, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
💡 DMK Insight
The USD’s potential rise to 157.15 signals a critical moment for forex traders. With the current momentum suggesting a ceiling at 157.50, traders should be cautious about overextending positions. The projected range of 155.60 to 157.50 indicates a consolidation phase, which could lead to increased volatility as traders react to any economic data releases or geopolitical events. If the USD breaks above 157.50, it could trigger a wave of buying, but until then, the focus should be on managing risk within this range. Watch for key economic indicators, especially those related to inflation and employment, as they could provide the catalyst for a breakout or a reversal. Also, keep an eye on correlated assets like EUR/USD, as movements in the dollar will directly impact the euro’s performance against it.
📮 Takeaway
Watch for USD to test 157.50; a break could signal a strong bullish move, while failure to hold above 157.15 may prompt profit-taking.
