USDCNH

Forex

USD/CNH: A small chance of testing 7.3100 in short term – UOB Group
BySilas W February 28, 2025

US Dollar could test 7.3100 vs Chinese Yuan; a sustained break above this level seems unlikely. In the longer run, strong advance indicates there is potential for USD to rise to 7.3250, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. There is potential for USD to rise to 7.3250 24-HOUR VIEW: “When…

Read More USD/CNH: A small chance of testing 7.3100 in short term – UOB Group
Forex

USD/CNH Price Prediction: Trades above 23.6% Fibo., bulls seem non-committed near 7.1555
BySilas W August 15, 2024

USD/CNH attracts some buyers on Thursday and moves away from over a one-week low. The technical setup supports prospects for the emergence of fresh selling at higher levels. A sustained strength beyond 50% Fibo. level is needed to negate the negative outlook. The USD/CNH pair builds on the previous day’s bounce from the 7.1305-7.1300 area,…

Read More USD/CNH Price Prediction: Trades above 23.6% Fibo., bulls seem non-committed near 7.1555