USD/CNH Expected to Range Trade Between 7.2550 and 7.2800, Says UOB Group
UOB Group has released its analysis regarding US Dollar (USD) trading patterns against the Chinese Yuan (CNH). Current price movements signal that the USD is set to oscillate within a 7.2550 to 7.2800 range. In the broader view, analysts Quek Ser Leang and Lee Sue Ann suggest the price could trade between 7.2400 and 7.2900 for a more extended period. This outlook indicates a stabilized condition, allowing traders to prepare for potential fluctuations in the future.
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