USD/CNH: To trade between 7.2200 and 7.2500 – UOB Group
The US Dollar (USD) is likely to trade in a range between 7.2200 and 7.2500. In the longer run, the level to monitor now is 7.2800; the next resistance above 7.2800 is at 7.3115, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
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