USD/CNH faces extra gains on a close above 6.5360 in the short-term horizon, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Our view yesterday was that ‘there is scope for the advance in USD to test 6.5300 first before easing’. USD rose to 6.5295 before edging slightly above 6.5300 after NY closed. The underlying tone still appears to be a tad strong and USD could test 6.5360. A sustained rise above this level appears unlikely. On the downside, a break of 6.5200 would indicate the current mild upward pressure has eased.” Next 1-3 weeks: “We have expected USD to ‘trade between 6.4730 and 6.5360’ for about 2 weeks now. While there is no change in our view, upward momentum is beginning to improve. However, USD has to close above 6.5360 before a move towards the month-to-date high near 6.5630 can be expected. At this stage, the chance for such a move is not high but it would increase as long as USD does not move below 6.5080 within these few days.” 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. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: Rising inflation and weaker dollar to support XAU/USD – ANZ FX Street 8 months USD/CNH faces extra gains on a close above 6.5360 in the short-term horizon, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: "Our view yesterday was that 'there is scope for the advance in USD to test 6.5300 first before easing'. USD rose to 6.5295 before edging slightly above 6.5300 after NY closed. The underlying tone still appears to be a tad strong and USD could test 6.5360. A sustained rise above this level appears unlikely. On the downside, a break of 6.5200 would indicate the current mild upward pressure has eased." Next 1-3 weeks: "We have expected USD… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
