USD/CNH Trading Range Prediction by UOB Group
The US Dollar (USD) is expected to trade within a specific range, likely between 7.2500 and 7.2900. Current price movements suggest that this range trading might be sustained, possibly hovering between 7.2400 and 7.2900. This analysis is provided by UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann.
Traders should be mindful of this forecast while preparing their strategies. Understanding these trading ranges is crucial for making informed decisions in a fluctuating market. As the market evolves, staying alert to price movements within this suggested range will be essential for effective trading.
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