The US dollar (USD) probably rises slightly against the Chinese yuan (CNH); The slight impulse suggests that any advance is probably limited to a 7,3150 test. A strong advance indicates that there is potential for the USD to rise to 7,3250, the FX analysts of UOB Group, to be Leang and Peter Chia point.
Any advance is probably limited to a 7,3150 test for now
24 -hour vision: “We noticed yesterday that ‘current price movements are probably part of a phase of trade in rank,’ and we expected the USD ‘to be between 7,2780 and 7,3010.’ Subsequently, the USD fell to 7,2850 before rising to 7,3078, closing slightly higher by 0.11% to 7,3036 7,2850 would indicate that the slight bullish pressure has decreased. ”
Vision 1-3 weeks: “Our last narrative was since last Friday (February 28, quote in 7,2950), where the strong advance last Thursday ‘indicates that there is potential for the USD to rise to 7.3250.’ We will continue to maintain the same opinion as long as 7.2680 (level of ‘strong support’ previously at 7,2600) is not broken. “
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.
