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: A break below 7.2600 to mean a decline to 7.2400 – UOB Group

Source Fxstreet

The US Dollar (USD) is likely to trade in a range, probably between 7.2680 and 7.2880. Downward momentum is building again; USD must break and stay below 7.2600 before a decline to 7.2400 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.

Rangebound between 7.2680 and 7.2880

24-HOUR VIEW: “Yesterday, we held the view that ‘there is scope for USD to drop below 7.2600, but it might not be able to maintain a foothold below this level.’ USD subsequently dropped to 7.2611 and then rebounded to close largely unchanged (7.2787, 0.09%). Today, we expect USD to trade in a range, probably between 7.2680 and 7.2880.”

1-3 WEEKS VIEW: “Our update from yesterday (18 Jul, spot at 7.2680) is still valid. As highlighted, downward momentum is building, but USD must break and stay below 7.2600 before a decline to 7.2400 can be expected. The chance of USD breaking clearly below 7.2600 will remain intact provided that 7.2900 is not breached.”

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

Recommended Articles

ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next Move With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.

Author Mitrade

Dec 26, 2025

With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.

Gold Price Forecast: Gold May Break $4,500 as Fed Rate-Hike Expectations Continue to Cool As of the European session on August 17, gold prices (XAUUSD) were trading above $4,400, up about 0.7% on the day and reaching an intraday high of $4,416.43, extending last Friday's gains

Author TradingKey

Aug 17, Mon

As of the European session on August 17, gold prices (XAUUSD) were trading above $4,400, up about 0.7% on the day and reaching an intraday high of $4,416.43, extending last Friday's gains

WTI consolidates below $84.50, two-week top as bullish bias remains amid Hormuz standoff West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move through the first half of the European session and currently trades near the $84.25-$84.30 area, close to a two-week high set earlier this Tuesday.

Author FXStreet

Aug 18, Tue

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move through the first half of the European session and currently trades near the $84.25-$84.30 area, close to a two-week high set earlier this Tuesday.

WTI rises to near $85.00 amid escalating US-Iran tensions West Texas Intermediate (WTI) oil price extends its gains for the fourth consecutive day, trading around $84.80 per barrel during the Asian hours on Wednesday.

Author FXStreet

Yesterday 02: 03

West Texas Intermediate (WTI) oil price extends its gains for the fourth consecutive day, trading around $84.80 per barrel during the Asian hours on Wednesday.

US Treasury Department to buy back more longer-term bonds The US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.

Author FXStreet

7 hours ago

The US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.

Popular Symbols