USD/CNH is expected to consolidate between 7.1200 and 7.1380 – UOB Group
US Dollar (USD) is expected to consolidate between 7.1200 and 7.1380. In the longer run, for the time being, USD is likely to trade in a range between 7.1000 and 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

US Dollar (USD) is expected to consolidate between 7.1200 and 7.1380. In the longer run, for the time being, USD is likely to trade in a range between 7.1000 and 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD is likely to trade in a range

24-HOUR VIEW: "Yesterday, we expected USD to 'consolidate between 7.1210 and 7.1380.' USD subsequently traded in a range of 7.1230/7.1394, closing largely unchanged at 7.1273 (-0.02%). Momentum indicators are mostly flat, and we continue to expect consolidation today, most likely between 7.1200 and 7.1400."

1-3 WEEKS VIEW: "Our update from two days ago (30 Sep, spot at 7.1275) remains valid. As highlighted, 'the current price movements are likely part of a range-trading phase between 7.1000 and 7.1480'."


Acuity Trading
Trade The World
Acuity Trading is a London-based fintech company founded in 2013 that specializes in AI-powered alternative data and sentiment analysis for trading and investments. They revolutionized the online trading experience by introducing visual news and sentiment tools, and today they continue to lead the fintech market with alpha-generating alternative data and highly engaging trading tools using the latest AI research and technology.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Explore More Tools
Trading Academy
Browse a wide range of educational articles covering trading strategies, market insights, and financial fundamentals, all in one place.
Learn More
Courses
Explore structured trading courses designed to support your growth at every stage of your trading journey.
Learn More
Webinar
Join live and on-demand webinars to gain real-time market insights and trading strategies from industry experts.
Learn More