USD/CNH: Market Anticipates Sideways Trading Range Ahead
The US dollar is poised to trade within a sideways range of between 7.1850 and 7.2100. Analysts from UOB Group suggest that recent trends indicate renewed downward momentum, with a potential target of 7.1700 in sight. This outlook provides insights for traders looking for strategic entry points in the USD/CNH currency pair. Understanding the underlying forces affecting these price levels will assist participants in making informed decisions as market conditions evolve.