The US dollar (USD) probably trades in a range between 7,1830 and 7,2030 against the Chinese yuan (CNH). In the long term, the USD has probably entered a phase of trade in a range of 7,1620/7,2200, the FX analysts of UOB Group Qow being Leang and Peter Chia.
The USD continues to trade within the range
24 -hour vision: “The USD traded within a narrow range of 7.1855/7,1959, largely closing without changes in 7,1951 (+0.03%). The price action does not provide new tracks, and the USD could continue to trade in a range, probably between 7,1830 and 7,2030.
Vision at 1-3 weeks: “Last Monday (June 9, Spot in 7,1870), we highlight that the recent ‘slight downward impulse has softened, and the USD has probably returned to a phase of trade in rank, probably between 7,1620 and 7,2200.’ It has spent more than a week, and the USD continues to trade within the range, and we continue to maintain the same opinion 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.
