USD/CNH Trading Between Set Ranges According to Experts
Recent analysis indicates that USD/CNH is likely to trade within a range between 7.3380 and 7.3550. Current momentum appears flat, suggesting limited movement in the near term. However, there are signals that upward momentum is fading. Breaching 7.3250 could indicate the trend is shifting. UOB Group’s FX analysts highlighted potential limits on future movements. Monitoring USD/CNH is essential for traders aiming to capitalize on fluctuations within this range.