In opinion of FX Strategists at UOB Group, USD/CNH is now expected to navigate within the 6.4100-6.4900 range in the next weeks. Key Quotes 24-hour view: “Our expectation for USD to ‘move lower to 6.4380’ did not work out as it rebounded from 6.4400 (overnight high of 6.4695). Despite the rebound, upward momentum has barely improved. For today, USD could edge higher but any advance is viewed as part of a 6.4500/6.4750 range (a sustained rise above 6.4750 is not expected).” Next 1-3 weeks: “Two days ago (11 Jan, spot at 6.4850), we indicated that ‘near-term bias is tilted to the upside but odds for a rise above 6.5200 are not high’. The rapid manner by which USD cracked the ‘strong support’ at 6.4450 (overnight low of 6.4425) was not exactly expected. The outlook is mixed and from here, USD could trade between 6.4100 and 6.4900.” 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 NZD/USD continues to target 0.75 – Credit Suisse FX Street 2 years In opinion of FX Strategists at UOB Group, USD/CNH is now expected to navigate within the 6.4100-6.4900 range in the next weeks. Key Quotes 24-hour view: “Our expectation for USD to ‘move lower to 6.4380’ did not work out as it rebounded from 6.4400 (overnight high of 6.4695). Despite the rebound, upward momentum has barely improved. For today, USD could edge higher but any advance is viewed as part of a 6.4500/6.4750 range (a sustained rise above 6.4750 is not expected).” Next 1-3 weeks: “Two days ago (11 Jan, spot at 6.4850), we indicated that ‘near-term bias is tilted to… 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.
