Home USD/CNH still seen within 7.0500/7.1250 – UOB
FXStreet News

USD/CNH still seen within 7.0500/7.1250 – UOB

FX Street
Published date:

FX Strategists at UOB Group expect USD/CNH to trade between 7.0500 and 7.1250 in the next weeks.

Key Quotes

24-hour view: “USD traded between 7.0622 and 7.0870 (narrower than our expected 7.0650/7.0920 range) before ending the day little changed at 7.0820 (+0.08%). The price action offers no fresh clues and USD could continue to trade sideways for today, likely between 7.0650 and 7.0910.”

Next 1-3 weeks: “USD traded in a quiet manner for the past few days and there is not much to add to our update from Monday (15 Jun, spot at 7.0880). As highlighted, the current movement in USD is deemed as part of consolidation phase and USD is expected to trade between 7.0500 and 7.1250 for a period.”

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026