This report provides the real-time exchange rate between the U.S. Dollar (USD) and the Ugandan Shilling (UGX), helping traders quickly grasp market dynamics and identify potential trading opportunities.
Definition
The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Ugandan Shilling (UGX) is the official currency of Uganda. The exchange rate between them reflects market sentiment regarding currency valuations and investor confidence in both the U.S. Dollar’s stability and Uganda’s economic conditions.
Today’s Price
1 USD = 3,593.57 UGX
24h High: 3,610.56 UGX
24h Low: 3,605.70 UGX
Current Rate: 3,607.85 UGX
Market Analysis
The USD/UGX pair exhibits moderate volatility within a narrow trading range, with the exchange rate fluctuating between the 24-hour lows and highs.
Technical levels: Key support near 3,605.70 UGX, resistance at 3,610.56 UGX
Risk note: Traders should monitor for potential breakouts beyond the established daily range
Trading opportunities: Watch for consolidation patterns within the current range and potential entry points near support levels
Conclusion
Continue to monitor the USD/UGX pair closely for intraday trading opportunities. Traders should remain vigilant for any movements beyond established support and resistance levels, which may signal shifts in market sentiment.
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Today's USD to UGX Price Update
Summary
This report provides the real-time exchange rate between the U.S. Dollar (USD) and the Ugandan Shilling (UGX), helping traders quickly grasp market dynamics and identify potential trading opportunities.
Definition
The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Ugandan Shilling (UGX) is the official currency of Uganda. The exchange rate between them reflects market sentiment regarding currency valuations and investor confidence in both the U.S. Dollar’s stability and Uganda’s economic conditions.
Today’s Price
Market Analysis
The USD/UGX pair exhibits moderate volatility within a narrow trading range, with the exchange rate fluctuating between the 24-hour lows and highs.
Conclusion
Continue to monitor the USD/UGX pair closely for intraday trading opportunities. Traders should remain vigilant for any movements beyond established support and resistance levels, which may signal shifts in market sentiment.