USD/CNH is expected to extend its march north and could probe the 7.0567 level in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD traded between 6.9958 and 7.0444 yesterday, narrower than our expected range of 6.9800/7.0400. The price action offers no fresh clues and USD is likely to trade sideways for now, likely between 7.0000 and 7.0400.” Next 1-3 weeks: “After the strong surge in USD last Thursday (12 Mar), we highlighted on Friday (13 Mar, spot at 7.0200) that ‘further USD strength is likely’ and added, ‘a break of last month’s 7.0567 peak could lead to a move towards 7.0865’. So far, the 7.0567 level is still intact. From here, we continue to hold the same view and only a break of the 6.9500 (no change in ‘strong support’ level) would indicate that USD is not ready to move above 7.0567 just yet.” 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 Ripple Price Analysis: XRP/USD bulls fail at $0.1500 FX Street 2 years USD/CNH is expected to extend its march north and could probe the 7.0567 level in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD traded between 6.9958 and 7.0444 yesterday, narrower than our expected range of 6.9800/7.0400. The price action offers no fresh clues and USD is likely to trade sideways for now, likely between 7.0000 and 7.0400.” Next 1-3 weeks: “After the strong surge in USD last Thursday (12 Mar), we highlighted on Friday (13 Mar, spot at 7.0200) that ‘further USD strength is likely’ and added, ‘a break of last month’s 7.0567 peak… 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.
