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: 2-way risks – OCBC

Source Fxstreet

The NDRC press conference appears to run short on details with regards to stimulus measures. USD/CNH was last at 7.0582, OCBC’s FX strategist Christopher Wong notes.

Bullish momentum on daily chart intact

“Hopes were raised but the delivery was disappointing. Post-opening rally in Chinese equities has partially fizzled out as the lack of followthrough is a setback to sentiments, and CNH-sensitive FX, including AUD, KRW, MYR.”

“Near term, USD/CNH should continue to face 2-way risks as markets digest 1/ the disappointment over the lack of details on China stimulus; 2/ monitor daily fix for a sense of how comfortable policymakers may be with RMB’s recent price action; 3/ potential return of US exceptionalism and ahead of US elections (potentially supportive of USD).”

“Bullish momentum on daily chart intact which RSI rose. Support at 7.0320 levels. Resistance at 7.11 (50 DMA).”

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

Recommended Articles

Markets in 2026: Will gold, Bitcoin, and the U.S. dollar make history again? — These are how leading institutions think After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?

Author Insights

Dec 25, 2025

After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?

Analyst Flags XRP as Market’s ‘Best Risk/Reward’ Play as Token Tests Critical $1.60 Support Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.

Author Mitrade

Feb 03, Tue

Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.

Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investors Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.

Author FXStreet

Yesterday 01: 53

Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.

Bitcoin Leverage Flush Evaporates $775M as Capital Rotates Into Defensive Infra Plays Bitcoin's plunge to $70K triggers a $775M leverage washout, driving a capital rotation into quantum-secure infrastructure project BMIC as investors seek uncorrelated alpha.

Author Mitrade

19 hours ago

Bitcoin's plunge to $70K triggers a $775M leverage washout, driving a capital rotation into quantum-secure infrastructure project BMIC as investors seek uncorrelated alpha.

Bitcoin’s Drop to $69K Wipes Out 15 Months of Bull Market Gains Precious metals' volatility mirrored Bitcoin's downturn as it targets lower price points.

Author Mitrade

18 hours ago

Precious metals' volatility mirrored Bitcoin's downturn as it targets lower price points.

Popular Symbols