FX Strategists at UOB Group stick to the view that USD/CNH should trade within a 6.9500-7.0230 range in the next weeks. Key Quotes 24-hour view: “USD traded between 6.9738 and 6.9900 yesterday, narrower than our expected sideway-trading range of 6.9750/6.9950. The underlying tone has firmed somewhat and further sideway-trading would not be surprising, albeit likely at a higher range 6.9770/7.0000.” Next 1-3 weeks: “We have expected USD to ‘trade sideways’ for more than a week now and since then USD has not gone anywhere as it traded mostly sideways. In other words, there is no change in our view and we continue to expect USD to trade between 6.9500 and 7.0230 for now.” 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 GBP/USD under immense pressure with Brexit, data, and coronavirus news Yohay Elam 2 years FX Strategists at UOB Group stick to the view that USD/CNH should trade within a 6.9500-7.0230 range in the next weeks. Key Quotes 24-hour view: “USD traded between 6.9738 and 6.9900 yesterday, narrower than our expected sideway-trading range of 6.9750/6.9950. The underlying tone has firmed somewhat and further sideway-trading would not be surprising, albeit likely at a higher range 6.9770/7.0000.” Next 1-3 weeks: “We have expected USD to ‘trade sideways’ for more than a week now and since then USD has not gone anywhere as it traded mostly sideways. In other words, there is no change in our view and… 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.
