Back To Top

April 1, 2025

USD/CNH Faces Stalled Momentum as Traders Eye Key Range

The recent brief decline has not established notable downward momentum. Experts predict that the US Dollar (USD) is likely to trade within a range of 7.2550 to 7.2750 against the Chinese Yuan (CNH). Over the long term, the upward momentum appears to have slowed significantly. A drop below 7.2500 would signal that the USD has entered a phase of range trading, according to UOB Group’s FX analysts Quek Ser Leang and Peter Chia. This situation indicates a cautious outlook for traders, as the USD may lack clear direction in the near future.

Prev Post

Michael Saylor Urges Investors: Don’t Miss Out on Bitcoin

Next Post

Should You Consider Buying Ethereum After Its 45% Drop?

post-bars
Mail Icon

Newsletter

Get Every Weekly Update & Insights

[mc4wp_form id=]

Leave a Comment