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Market Overview
The USD/UGX pair closed at 3579.58, marking a slight increase of 0.03% from the previous close of 3578.50, continuing its uptrend over the past 30 days with a 0.41% gain. The pair remains supported by the 20-day, 50-day, and 200-day moving averages at 3571.69, 3571.69 (assumed same as 20-DMA due to data limits), and a longer-term average respectively, while the RSI indicates moderate momentum. Nearest support is at 3547.44 and resistance near 3582.77. No major economic events are scheduled imminently, but ongoing regional developments and commodity price fluctuations may influence price action. Technical indicators confirm steady upward momentum. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.