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

Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's Outlook 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.

Author Rachel Weiss

May 15, Fri

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.

Gold Price Forecast: Cooling Rate Hike Expectations Push Gold Above $4,400, Eyeing $4,500 Next As of the European session on August 11, gold prices (XAUUSD) briefly topped $4,400 intraday, reaching a high of $4,435.2, its highest level since June 5. However, gains subsequently narr

Author TradingKey

Aug 11, Tue

As of the European session on August 11, gold prices (XAUUSD) briefly topped $4,400 intraday, reaching a high of $4,435.2, its highest level since June 5. However, gains subsequently narr

WTI declines below $82.50 as oil inventories rise far more than expected West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.

Author FXStreet

Yesterday 01: 24

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.

Forex Today: US Dollar stabilizes ahead of next batch of US data Here is what you need to know on Thursday, August 13:

Author FXStreet

23 hours ago

Here is what you need to know on Thursday, August 13:

WTI remains below $80.50 as traders monitor diplomatic efforts to reopen Hormuz West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.

Author FXStreet

8 hours ago

West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.

Popular Symbols