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: May have enough momentum for USD to rise to 7.2820 – UOB Group

Source Fxstreet

US Dollar (USD) is expected to trade in a 7.2540/7.2700 range vs Chinese Yuan (CNH). In the longer run, there appears to be enough momentum for USD to rise to 7.2820, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Below 7.2450, the current upward pressure is set to ease

24-HOUR VIEW: "Yesterday, USD traded in a subdued manner between 7.2610 and 7.2715 before closing little changed at 7.2664 (+0.05%). The price action provides no fresh clues. Today, we expect USD to trade in a 7.2540/7.2700 range."

1-3 WEEKS VIEW: "After rising for a few days in a row, the advance in USD slowed yesterday as it closed largely unchanged at 7.2664 (+0.05%). However, USD appears to have enough momentum to rise further to 7.2820. On the downside, a breach of 7.2450 would mean that the current upward pressure has eased."

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

Recommended Articles

Silver Surges Then Flash Crashes. Safe-Haven Asset Or Speculative Bubble? What Is the Truth of Market Turmoil?The global precious metals market experienced extreme volatility at the end of 2025, with silver prices plummeting nearly 9% on December 29, marking its largest single-day decline since 2

Author TradingKey

13 hours ago

The global precious metals market experienced extreme volatility at the end of 2025, with silver prices plummeting nearly 9% on December 29, marking its largest single-day decline since 2

Silver Price Forecast: XAG/USD dips to near $72.50 as CME raises margins Silver price (XAG/USD) has lost its nearly a 4.5% gain registered in the previous session, trading around $72.50 during the Asian hours on Wednesday.

Author FXStreet

17 hours ago

Silver price (XAG/USD) has lost its nearly a 4.5% gain registered in the previous session, trading around $72.50 during the Asian hours on Wednesday.

Bitcoin Rejected at $90K: Is the ‘Digital Gold’ Narrative Losing Ground to Bonds?Bitcoin struggles to break the $90,000 barrier, with investors preferring traditional hedges like gold and bonds.

Author Mitrade

19 hours ago

Bitcoin struggles to break the $90,000 barrier, with investors preferring traditional hedges like gold and bonds.

EUR/USD softens below 1.1750 after Fed Minutes The EUR/USD pair attracts some sellers near 1.1745 during the early Asian session on Wednesday. The US Dollar (USD) edges higher against the Euro (EUR) after the release of minutes from the Federal Reserve's (Fed) December meeting.

Author FXStreet

21 hours ago

The EUR/USD pair attracts some sellers near 1.1745 during the early Asian session on Wednesday. The US Dollar (USD) edges higher against the Euro (EUR) after the release of minutes from the Federal Reserve's (Fed) December meeting.

TradingKey Market Review and Outlook | 2025 Crude Oil Prices Collapse, Can Oil Prices Stage a Comeback in 2026?Similar to Bitcoin prices volatility, the crude oil market experienced a 'rollercoaster' performance twice in 2025, surging in January and June, respectively. However, crude oil prices ar

Author TradingKey

Yesterday 10: 04

Similar to Bitcoin prices volatility, the crude oil market experienced a 'rollercoaster' performance twice in 2025, surging in January and June, respectively. However, crude oil prices ar

Popular Symbols