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USD/CNH: Likely to range-trade between 7.0920 and 7.1280 – UOB Group
Por FXStreet Insights Team
Data de Publicação: 31 Oct 2025 | Data de Modificação: 31 Oct 2025
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US Dollar (USD) is likely to consolidate between 7.1000 and 7.1180. In the longer run, the weakness in USD has stabilized; it is likely to range-trade between 7.0920 and 7.1280, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Dollar (USD) is likely to consolidate between 7.1000 and 7.1180. In the longer run, the weakness in USD has stabilized; it is likely to range-trade between 7.0920 and 7.1280, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Weakness in USD has stabilized
24-HOUR VIEW: "Yesterday, we expected USD to 'range-trade between 7.0900 and 7.1080'. We did not expect the strong advance that reached a high of 7.1178. The sharp rise appears excessive, and USD is unlikely to advance much further. Today, USD is more likely to consolidate, probably between 7.1000 and 7.1180."
1-3 WEEKS VIEW: "In our most recent narrative from two days ago (29 Oct, spot at 7.0940), we highlighted that the recent price action 'suggests USD could drop below 7.0860'. We added, 'only a breach of 7.1150 (‘strong resistance’ level) would indicate the decline in USD that started in the middle of this month has stabilized'. Yesterday, in a sudden move, USD soared and broke above our ‘strong resistance’ level. The weakness in USD has stabilized, and from here, we expect USD to range-trade, most likely between 7.0920 and 7.1280."
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