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February 18, 2025

US Dollar Faces Major Support Level: USD/CNH Trading Insights

Analysis from UOB Group highlights that the US Dollar may trade between 7.2500 and 7.2780 against the Chinese Yuan. Analysts indicate a potential decline towards the major support at 7.2300. In light of growing momentum signals, market participants should watch closely for price actions around these levels. The dynamics affecting the USD/CNH pair involve both US economic indicators and Chinese policy movements. Keeping track of these factors ensures that traders can make informed decisions as price fluctuations occur. Staying ahead of market shifts often separates successful traders from others.

It is crucial for forex traders to be proactive in their analysis and adapt to changing market conditions.

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