USD/CNH: Trading between 7.2790 and 7.2960 – UOB Group
Source Fxstreet
The US Dollar (USD) is likely to trade in a sideways range between 7.2790 and 7.2960. USD, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann.
Rangebound between 7.2790 and 7.2960
24-HOUR VIEW: “Our expectation for USD to edge higher did not turn out, as it traded sideways between 7.2856 and 7.2974, closing at 7.2884 (-0.12%). Further sideways trading seems likely, probably in a range of 7.2790 and 7.2960.”
1-3 WEEKS VIEW: “Our update from two days ago (22 Jul, spot at 7.2870) still stands. As highlighted, the recent price action suggest that USD is still trading in a 7.2600/7.3100 range.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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