Trade The World
USD/CNH is still trading in a range – UOB Group
Ni FXStreet Insights Team
Petsa ng Pag-publish: 11 Aug 2025 | Petsa ng Pag-edit: 11 Aug 2025
POPULAR ARTICLES
US Dollar (USD) is likely to consolidate; firmer underlying tone suggests a higher range of 7.1820/7.1980.
US Dollar (USD) is likely to consolidate; firmer underlying tone suggests a higher range of 7.1820/7.1980. In the longer run, USD is still trading in a range; a narrower range of 7.1700/7.2100 is likely enough to contain the price movements, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Underlying tone suggests a higher range of 7.1820/7.1980
24-HOUR VIEW: "Last Friday, we expected USD to 'consolidate in a range of 7.1720/7.1900.' USD subsequently traded between 7.1790/7.1913, before closing at 7.1885 (+0.12%). The price action still appears to be part of a consolidation phase. That said, the firmer underlying tone suggests USD is likely to trade in a higher range of 7.1820/7.1980 today."
1-3 WEEKS VIEW: "In our most recent narrative from last Monday (04 Aug, spot at 7.1900), we highlighted that USD 'appears to have moved into a 7.1600/7.2240 range trading phase.' Since then, USD traded in a relatively quiet manner, and while we continue to expect range trading, a narrower range of 7.1700/7.2100 is likely enough to contain the price movements for now."
FXStreet
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Read More
