USD/CNH: Likely to trade in a range between 7.1020 and 7.1170 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1020 and 7.1170. If USD breaks above 7.1170, it would mean that the weakness in USD has stabilized, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

US Dollar (USD) is likely to trade in a range between 7.1020 and 7.1170. If USD breaks above 7.1170, it would mean that the weakness in USD has stabilized, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Above 7.1170, USD to stabilize

24-HOUR VIEW: "We stated yesterday that USD 'appears to have entered a consolidation phase between 7.0900 and 7.1070'. However, instead of consolidating, USD rose to a high of 7.1109. The advance lacks momentum, and today, instead of rising further, USD is more likely to trade in a range between 7.1020 and 7.1170."

1-3 WEEKS VIEW: "In our update from last Friday (14 Nov, spot at 7.0970), we reiterated our view, stating that 'we continue to hold a negative USD stance, and now expect a move to 7.0885'. USD subsequently dipped to 7.0910 and rebounded. Yesterday, USD rebounded further to 7.1109. Downward momentum is starting to slow, and if USD breaks above 7.1170 (no change in ‘strong resistance’ level), it would mean that the weakness from the middle of last week has stabilized."

FXStreet
Trade The World
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

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

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa