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December 5, 2024

Projected Trading Range for USD/CNH: Key Levels to Watch

The US Dollar is expected to trade within a range of 7.2630 to 7.2930 against the Chinese Yuan. Analysts from UOB Group caution that upward momentum has diminished due to recent pullbacks. A break below 7.2630 could signal a halt in the USD’s rise. Traders should watch these pivotal levels closely for potential market movements. Is your strategy aligned with these trends?

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