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January 8, 2025

USD/CNH Under Pressure: Resistance at 7.3700 to Hold

The US Dollar faces potential upward movement towards 7.3550 but is likely to level off thereafter. Analysts from UOB Group state that the major resistance level at 7.3700 is not anticipated to be broken in the near term.

This analysis highlights the cautious sentiment surrounding the US-China currency pair. For further insights into forex movements, turn to Entreprenerdly.com.

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