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: Likely to trade sideways between 7.2570 and 7.2820 – UOB Group

Source Fxstreet

US Dollar (USD) is likely to trade sideways vs Chinese Yuan (CNH) between 7.2570 and 7.2820. In the longer run, momentum has improved further; USD could continue to rise to 7.2980, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD can continue to rise to 7.2980

24-HOUR VIEW: "After USD rose to 7.2822 two days ago, we highlighted yesterday that 'although there has been no clear increase in upward momentum, there is scope for USD to test 7.2855.' We pointed out, 'support levels are at 7.2720 and 7.2650.' Our expectations did not materialise, as USD traded in a 7.2658/7.2791 range, closing at 7.2671 (-0.16%). The price action appears to be part of a sideways trading range, mostly likely between 7.2570 and 7.2820."

1-3 WEEKS VIEW: "Momentum has improved further; USD could continue to rise to 7.2980. On Wednesday (26 Mar, spot at 7.2655), highlighted that 'there appears to be enough momentum for USD to rise to 7.2820.' After USD rose to 7.2822, we highlighted yesterday (27 Mar, spot at 7.2765) that 'momentum has improved further, and we continue to expect USD to rise, and the next level to monitor is 7.2980.' We will maintain our view as long as the ‘strong support’ at 7.2500 (no change in level from yesterday) is intact."

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

Recommended Articles

Natural Gas sinks to pivotal level as China’s demand slumps Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It

Author FXStreet

Jul 01, 2024

Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It

Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Author Beincrypto

Dec 17, 2024

Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Pi Network Price Annual Forecast: PI Heads Into a Volatile 2026 as Utility Questions Collide With Big Unlocks Pi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.

Author Mitrade

Dec 19, 2025

Pi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000 Altcoins, including Bitcoin Cash (BCH), Hyperliquid (HYPE), and Pump.fun (PUMP), are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

Author FXStreet

Feb 24, Tue

Altcoins, including Bitcoin Cash (BCH), Hyperliquid (HYPE), and Pump.fun (PUMP), are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

Gold advances back closer to $5,200 mark amid geopolitical tensions and USD weakness Gold (XAU/USD) attracts some dip-buyers following the previous day's modest pullback from the monthly top and climbs back closer to the $5,200 mark during the Asian session on Wednesday.

Author FXStreet

23 hours ago

Gold (XAU/USD) attracts some dip-buyers following the previous day's modest pullback from the monthly top and climbs back closer to the $5,200 mark during the Asian session on Wednesday.

Popular Symbols