USD/CNH: Likely to trade in a range between 7.1770 and 7.1970 – UOB Group

Source Fxstreet

USD is likely to trade in a range between 7.1770 and 7.1970. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

USD has likely moved into a range trading phase

24-HOUR VIEW: "We expected USD to 'trade in a range between 7.1700 and 7.1950' last Friday. USD subsequently traded in a narrower range than expected (7.1713/7.1900). The price action provides no fresh clues, and we continue to expect range trading today, most likely between 7.1770 and 7.1970."

1-3 WEEKS VIEW: "In our most recent narrative from last Monday (09 Jun, spot at 7.1870), we highlighted that the recent 'mild downward momentum has eased, and USD has likely moved back into a range trading phase, probably between 7.1620 and 7.2200.' Since then, USD has traded within the range, and our view remains unchanged for now."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Dow Jones futures dive on concerns about higher trade tariffsDow Jones Index Futures anticipate a negative opening on Friday after Thursday’s positive session.
Author  FXStreet
Yesterday 09: 49
Dow Jones Index Futures anticipate a negative opening on Friday after Thursday’s positive session.
placeholder
Gold price approaches weekly high as tariff jitters boost safe-haven demandGold price (XAU/USD) is gaining positive traction for the third consecutive day on Friday and approaching the top end of its weekly range amid rising trade tensions.
Author  FXStreet
Yesterday 06: 43
Gold price (XAU/USD) is gaining positive traction for the third consecutive day on Friday and approaching the top end of its weekly range amid rising trade tensions.
placeholder
Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher?Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
Author  NewsBTC
Yesterday 06: 41
Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
placeholder
EUR/GBP holds positive ground above 0.8600 as UK economy shrinks again in MayThe EUR/GBP cross trades in positive territory near 0.8615 during the early European session on Friday.
Author  FXStreet
Yesterday 06: 39
The EUR/GBP cross trades in positive territory near 0.8615 during the early European session on Friday.
placeholder
Trump announced a 35% tariff on Canadian goodsTrump announced a 35% tariff on Canadian goods, effective August 1, 2025.
Author  Cryptopolitan
Yesterday 06: 38
Trump announced a 35% tariff on Canadian goods, effective August 1, 2025.
goTop
quote