USD/CNH: Dwindling bets for a potential drop to 6.8400 – UOB
03.03.2023, 10:05

USD/CNH: Dwindling bets for a potential drop to 6.8400 – UOB

In opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, the likelihood of USD/CNH grinding lower to 6.8400 appears now diminished.

Key Quotes

24-hour view: “We highlighted yesterday that ‘after such a sharp drop, further sustained decline is unlikely’. However, we were of the view that ‘there is scope for the USD weakness to extend to 6.8550 before stabilization is likely’. Instead of weakening further, USD staged a surprisingly robust rebound to 6.9340 before closing at 6.9229 (+0.62%). The price actions are likely part of a broad consolidation range and USD is likely to trade between 6.8800 and 6.9300 today.”

Next 1-3 weeks: “Yesterday (02 Mar, spot at 6.8800), we noted that the month-long USD weakness has ended. We held the view that while there is room for USD to weaken, any decline is likely to face solid support at 6.8400. USD subsequently popped to a high of 6.9340, just below our ‘strong resistance’ level of 6.9350. We continue to hold the same view but after yesterday’s price actions, the chance of a decline to 6.8400 has diminished. Looking ahead, if USD were to break above 6.9350, it would indicate that it could trade in a broad consolidation range for a period of time.”

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik