FX Strategists at UOB Group remain positive on USD/CNH, although a test of tops beyond 7.08 appears unlikely in the near-term at least. Key Quotes 24-hour view: “Our view that “there is room for advance in USD to extend to 7.0600” did not materialize as it eased off slightly from a high of 7.0567. The underlying tone still appears firm and we continue to see chance for USD to probe the 7.0600 resistance. That said, the prospect for a sustained rise above this level is not high. Support is at 7.0380 followed by 7.0280.” Next 1-3 weeks: “We noted on Wednesday (19 Feb, spot at 7.0100) that the ‘consolidation phase could be close to an end’. However, the manner by which USD blew above the early February peak of 7.0230 was not exactly expected. From here, further USD strength is likely but at this stage, it is too early to anticipate a move the December’s peak at 7.0865 (there is another resistance at 7.0660). For the next few days, the ‘strong support’ level at 7.0150 is likely strong enough to hold.” 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 USD/CHF clings to gains above 0.9800 as USD stays strong on Monday FX Street 2 years FX Strategists at UOB Group remain positive on USD/CNH, although a test of tops beyond 7.08 appears unlikely in the near-term at least. Key Quotes 24-hour view: “Our view that “there is room for advance in USD to extend to 7.0600” did not materialize as it eased off slightly from a high of 7.0567. The underlying tone still appears firm and we continue to see chance for USD to probe the 7.0600 resistance. That said, the prospect for a sustained rise above this level is not high. Support is at 7.0380 followed by 7.0280.” Next 1-3 weeks: “We noted on… Regulated 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.