USD/CNH: Major support at 7.2420 is likely out of reach – UOB Group
21.01.2025, 10:05

USD/CNH: Major support at 7.2420 is likely out of reach – UOB Group

Further US Dollar (USD) weakness is not ruled out; the major support at 7.2420 is likely out of reach for now. In the longer run, decline in USD seems excessive, but there is potential for a test of 7.2420, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

Decline in USD seems excessive

24-HOUR VIEW: “While we noted yesterday that ‘downward momentum is building,’ we were of the view that ‘this will likely lead to a lower trading range of 7.3200/7.3500 instead of a sustained decline.’ Instead of trading in a lower range, USD plunged, reaching a low of 7.2600. While further weakness is not ruled out, given the deeply oversold conditions, the major support at 7.2420 is likely out of reach (there is another support level at 7.2500). Resistance levels are at 7.3000 and 7.3140.”

1-3 WEEKS VIEW: “We revised our view to neutral yesterday (20 Jan, spot at 7.3360), we indicated that ‘upward momentum has dissipated.’ We pointed out that ‘there has been a slight increase in downward momentum, but it is not sufficient to indicate a sustained decline.’ We did not expect USD to plunge by 1.04% (7.2650), its biggest 1-day drop in 5-1/2 months. While the decline seems excessive, there is potential for USD to test the support at 7.2420. For the time being, the significant support at 7.2290 is unlikely to come into view. To keep the momentum going, USD must remain below 7.3380.”

© 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