He Dollar American (USD) probably trades in a range of 7,1590/7.1780 against CNH (Yuan Chino). In the long term, there has been an attempt accumulation of impulse; The USD probably moves down to 7,1450, the FX analysts of UOB Group, to be Leang and Peter Chia.
An attempt accumulation of impulse
24 -hour vision: “Last Friday, we expected the USD ‘to trade in a range of 7,1570/7,1770.’ The USD was then negotiated between 7,1624 and 7,1752, closing modestly higher in 7,1720 (+0.10%).
Vision at 1-3 weeks: “Last Wednesday (June 25, Spot in 7,1680), we highlight that ‘there has been an attempt accumulation of impulse, and the USD probably moves down to 7,1450.’ While the USD later fell to a minimum of 7,1527, there has been no significant increase in the downward impulse.
Source: Fx Street
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