The US Dollar (USD) is expected to trade in a range between 7.1180 and 7.1440. Momentum is slowing; a breach of 7.0900 would indicate that USD is more likely to trade in a range instead of strengthening further, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann notes.
USD/CNH can reach 7.1440 short term
24-HOUR VIEW: “Our view for USD to ‘rise to 7.1500’ did not materialise, as it pulled back from a high of 7.1462, closing largely unchanged at 7.1350 (- 0.02%). The current price movements are likely part of a range trading phase. Today, we expect USD to trade between 7.1180 and 7.1440.”
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
