USD/CNH Expected to Trade Between 7.2200 and 7.2800, UOB Analysts Forecast
Despite the lack of a significant increase in bearish momentum, analysts suggest there is potential for the US Dollar to trend downwards towards 7.2380. However, the longer-term sentiment shows that momentum has faded, indicating that USD/CNH is likely to trade between 7.2200 and 7.2800 for the foreseeable future. Traders should remain vigilant as any shifts could lead to new trends. Will USD/CNH stay within this range?
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]