The US dollar (USD) is expected to be between 7,2200 and 7,2430 against the Chinese yuan (CNH). In the long term, current price movements are probably part of a consolidation range of 7,2100/7,2800, FX analysts point out UOB GroupTo be Leang and Peter Chia.
Current price movements are probably part of a consolidation range
24 -hour vision: “We expected the USD ‘to be between 7,2200 and 7,2430 yesterday.’ The USD then traded in a narrower range of 7,2215/7,2371, ending the day just changed at 7,2274 (+0.02%). We are still waiting for the USD between 7,2200 and 7,2430.
Vision 1-3 weeks: “Our most recent narrative was last Friday (March 14, Spot in 7,2490), where ‘current price movements are probably part of a consolidation range of 7,2100/7.2800.’ The USD has traded relatively quietly in recent days and there are no changes in our vision. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
