Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Technical Analysis

USD/CNH: to trade between 7.2850 and 7.2950 – UOB Group

Source Fxstreet

The US Dollar (USD) is likely to trade in a sideways range of 7.2850/7.2950, but it’s also likely to rise above this range. Resistance levels to watch are at 7.3000 and 7.3100, UOB Group analysts say.

A breach below 7.2700 to turn the USD southwards

24-HOUR VIEW: “Our view for USD to continue to rise last Friday was incorrect, as it traded sideways between 7.2838 and 7.2920, closing largely unchanged (7.2915, -0.01%). There has been no increase in momentum, and USD could continue to trade sideways today, likely in a range of 7.2850/7.2950.”

1-3 WEEKS VIEW: “We have expected USD to strengthen since early last week (see annotations in the chart below). In our latest update from last Friday (21 Jun, spot at 7.2920), we indicated that ‘further USD strength is likely, and the resistance levels to watch are 7.3000 and 7.3100.’ There is no change in our view. On the downside, a breach of 7.2700 (no change in ‘strong support’ level from last Friday) would mean that USD is not strengthening further.”

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

My Top 5 Stock Market Predictions for 2026 Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.

Author Mitrade

Jan 06, Tue

Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.

Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's Outlook Get a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.

Author Rachel Weiss

May 15, Fri

Get a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.

Gold Price Forecast: Can Gold Keep Rising After Reclaiming $4,400 as Markets Await Upcoming CPI Data?During Wednesday's Asian trading session, spot gold (XAUUSD) extended its rebound, reclaiming $4,400/oz. As of 11:08 Beijing time on August 12, spot gold was trading at $4,414.705/oz, up

Author TradingKey

Aug 12, Wed

During Wednesday's Asian trading session, spot gold (XAUUSD) extended its rebound, reclaiming $4,400/oz. As of 11:08 Beijing time on August 12, spot gold was trading at $4,414.705/oz, up

WTI declines below $82.50 as oil inventories rise far more than expected West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.

Author FXStreet

Aug 13, Thu

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.

WTI remains below $80.50 as traders monitor diplomatic efforts to reopen Hormuz West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.

Author FXStreet

23 hours ago

West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.

Popular Symbols