Chinese Yuan: Range trade persists, downside risk intact against US Dollar – UOB
UOB’s Senior Technical Strategist Quek Ser Leang expects USD/CNH to remain confined in a tight near-term range, with the Dollar likely to trade between 6.7950 and 6.8100. Despite easing upward momentum, UOB still sees scope for a move toward 6.8300 while 6.7900 holds as strong support.
UOB’s Senior Technical Strategist Quek Ser Leang expects USD/CNH to remain confined in a tight near-term range, with the Dollar likely to trade between 6.7950 and 6.8100. Despite easing upward momentum, UOB still sees scope for a move toward 6.8300 while 6.7900 holds as strong support.
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