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April 8, 2025

USD/CNH Poised for Breakout as Resistance at 7.37 Approaches

USD/CNH has recently rebounded after successfully protecting the 200-day moving average at 7.22. According to research from Sociéte Générale, there are signs of a noticeable uptick in upward momentum as indicated by the Daily MACD entering positive territory. As market participants anticipate a potential breakout, all eyes will be on the significant resistance level at 7.37. Traders should stay alert to price action that might signal either a breakthrough or consolidation around this pivotal zone.

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