US Dollar vs Uzbekistan Som edges higher as bullish technical momentum supports gains

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Us dollar vs uzbekistan som rises 0.54%

Highlights

USD/UZS remains in a bullish trend above its 20-, 50-, and 200-day moving averages near UZS12,026.
Momentum signals are strong buy on MACD and positive on intraday flow, but trend strength and oscillators are neutral.
Expected five-day range is UZS11,953 to UZS12,099, with a 75% probability of an upward move from current levels.

Anton Kharitonov, expert at Traders Union, sees technical momentum driving USD/UZS higher in the short term. He notes the absence of fresh news as a warning sign for sustainability of the move. Kharitonov highlights that, despite price action above key moving averages, trend strength and momentum indicators show only mild conviction. The lack of significant fundamentals raises doubts about the continuation of gains. He stresses that failure to hold above UZS11,976 could quickly invalidate the bullish case. "Traders should remain defensive and prepared for a reversal if support levels break," Kharitonov cautions.

Viktoras Karapetjanc, expert at Traders Union, believes the bullish structure of USD/UZS remains intact as key averages support the advance. He sees strong technical momentum and session highs as signals that further growth is likely, despite the quiet news environment. Karapetjanc emphasizes that buyer interest and persistent upward movement point to high confidence in the pair. He expects any pullbacks to offer attractive setups above UZS11,976. "The market offers multiple opportunities for bulls — further upside toward UZS12,099 looks achievable," Karapetjanc asserts.

Parshwa Turakhiya, analyst, sees short-term upside in USD/UZS, fueled by ongoing buying pressure and firm intraday sentiment. He notes that volatility remains contained, keeping risk moderate for active traders. Turakhiya observes a lack of overbought signals and highlights constructive Bull/Bear Power as a sign of current market appetite. For him, the technical setup favors opportunistic entries unless UZS11,976 fails. "If momentum persists, a quick test of resistance at UZS12,035 could spark fresh intraday trades," says Turakhiya.

Broad bullish signals as USD/UZS holds above key moving averages

USD/UZS is trading above its 20-, 50-, and 200-day moving averages at UZS12,026, signaling bullish pressure across all major timeframes. The nearest support is located at UZS11,976, while resistance is set near today's high of UZS12,035. The MACD is positive and indicates a strong buy, and the Awesome Oscillator further confirms upward momentum. However, the ADX at 11.91 is neutral, suggesting only mild trend strength. The RSI, Stochastic RSI, and CCI are all neutral, indicating neither overbought nor oversold conditions. Intraday, Bull/Bear Power shows buyers dominating, and the pair reached session highs with volatility at 0.78%. Overall tone remains positive, with momentum pointing higher.

Earlier, analysts noted that the USD/UZS pair was in a sustained uptrend, supported by technical strength but accompanied by mixed momentum signals. The current analysis adds that while bullish momentum persists, traders should closely monitor the UZS12,035 resistance, as a confirmed breakout could shift the immediate trading landscape.

Source of Data: USD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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