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June 2, 2025

US Dollar Faces Resistance as USD/CNH Stalls Below Key Levels

The US Dollar (USD) is showing signs of stabilizing against the Chinese Yuan (CNH), with potential upward movements halted just below the 7.2100 mark. Analysts from UOB Group suggest that the next significant resistance level at 7.2180 is unlikely to be breached soon.

They also indicate that USD is projected to trade within a range between 7.1800 and 7.2300 for the foreseeable future. Traders and investors should remain vigilant of market movements that could prompt shifts in this trading range.

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