The US dollar (USD) is probably negotiated in a range between 7,1700 and 7,1950 against the Chinese Yuan (CNH). In the long term, the USD has probably entered a negotiation phase in the range of 7,1620/7,2200, the FX analysts of UOB Group, to be Leang and Peter Chia.
The USD has probably returned to a negotiation phase in range
24 hours seen: “We expected the USD ‘to rise slightly’, but we point out that ‘any advance is probably limited to a 7,2070 test.’ However, the USD fell and closed in 7,1740 before bouncing in the early trade of Asia today.
1-3 weeks View: “In our most recent narrative on Monday (June 9, Spot in 7,1870), we highlight that the recent ‘light Momentum has softened, and the USD has probably returned to a negotiation phase in the range, probably between 7,1620 and 7,2200.’ Since then, the USD has negotiated within the range, and our vision remains unchanged for now. “
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.
