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November 21, 2024

USD/CNH Faces Strong Resistance at 7.2800

The USD/CNH currency pair shows potential for the US Dollar to rise toward 7.2630. However, experts indicate that the major resistance level at 7.2800 could prove challenging to breach. UOB Group’s analysts suggest that momentum is slowing, raising questions about the pair’s upward trajectory. Should the USD dip below 7.2000, it may signal a pause in its rise. Watch for signs of shifting trends in USD/CNH as traders navigate these important resistance levels.

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