FX Strategists at UOB Group see USD/CNH advancing further if it clears 7.06. Key Quotes 24-hour view: “USD traded within a narrow range of 7.0280 and 7.0380 yesterday. The quiet price action suggests USD could continue to trade sideways even though the slightly weakened underlying tone could lead to a lower trading range of 7.0200/7.0350″. Next 1-3 weeks: “USD traded in a quiet manner over the past few days and there are no fresh clues. We continue to hold the same view from last Thursday (21 Nov, spot at 7.0475) wherein further USD strength is likely only if it could move above 7.0600. Until then, we view the current price action as part of a broad 6.9750/7.0600 consolidation range”. 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 China’s Premier Li: China’s economy is facing greater uncertainties, challenges FX Street 3 years FX Strategists at UOB Group see USD/CNH advancing further if it clears 7.06. Key Quotes 24-hour view: "USD traded within a narrow range of 7.0280 and 7.0380 yesterday. The quiet price action suggests USD could continue to trade sideways even though the slightly weakened underlying tone could lead to a lower trading range of 7.0200/7.0350". Next 1-3 weeks: "USD traded in a quiet manner over the past few days and there are no fresh clues. We continue to hold the same view from last Thursday (21 Nov, spot at 7.0475) wherein further USD strength is likely only if it could… 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.
