USD/CNH: Set to consolidate in recent range – OCBC
Source Fxstreet
USD/CNH stayed bid but largely capped below 7.30. Pair was last at 7.2830 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
PBOC policymakers are looking for relative stability
“Berish momentum on daily chart shows signs of fading while RSI rose. Consolidation likely in recent range as PBOC daily fixing suggests policymakers are looking for relative stability. Support at 7.26 (21 DMA), 7.2340 (23.6% fibo retracement of Sep low to Dec high) and 7.2040 (200 DMA). Resistance at 7.2940, 7.3150 levels.”
“2-day CEWC concluded with President Xi signalling for more borrowing and spending in 2025. Officials also reiterated their pledges to keep the Chinese currency stable at reasonable and equilibrium levels.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The fourth-quarter earnings season for U.S. stocks is drawing to a close. With market participation continuing to rise, the U.S. stock market has entered a new normal with an average dail
Gold (XAU/USD) attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels.
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookGet 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.
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.
The USD/JPY pair attracts some buyers during the Asian session on Monday and climbs back above the 153.00 mark following the disappointing release of Japan's Q4 GDP report.
Bitcoin is nearing a level on the MVRV ratio that historically lines up with market “undervaluation,” according to CryptoQuant contributor Crypto Dan, as traders look for signs that a four-month
