- Analytics
- News and Tools
- Market News
- USD/CNH sticks to the mixed outlook – UOB
USD/CNH sticks to the mixed outlook – UOB
USD/CNH is predicted to trade within the 6.3400-6.3900 range amidst the current mixed outlook, noted FX Strategists at UOB Group.
Key Quotes
24-hour view: “Yesterday, we highlighted that ‘there is scope for USD to edge higher to 6.3800’. We added, ‘a sustained rise above this level appears unlikely’. Our view was not wrong as USD rose to 6.3833 before easing off to close largely unchanged at 6.3753 (+0.02%). Upward pressure has waned and for today, USD is likely to trade sideways, expected to be between 6.3680 and 6.3830.”
Next 1-3 weeks: “Our view from yesterday (04 Jan, spot at 6.3735) still stands. As highlighted, the outlook for USD is mixed and it could trade between 6.3400 and 6.3900 for now.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
