The US Dollar (USD) is expected to coote in a range of 7.2540/7,2700 against the Chinese Yuan (CNH). In the long term, there seems to be enough impulse for the USD to rise to 7,2820, the FX analysts of UOB Group, to be Leang and Peter Chia.
Below 7,2450, the current bullish pressure will be relieved
24 -hour vision: “Yesterday, the USD contributed contained between 7,2610 and 7,2715 before closing little changed at 7,2664 (+0.05%). The price action does not provide new tracks. Today, we hope that the USD Cotice in a range of 7,2540/7.2700.
Vision at 1-3 weeks: “After climbing for a few days in a row, the advance of the USD slowed yesterday when closing a large extent without changes in 7,2664 (+0.05%). However, the USD seems to have enough impulse to climb more to 7,2820. In the lower part, a break below 7,2450 would mean that the current bullish pressure has relieved.”
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.
