Trade The World
USD/CNH: Likely to trade in a range between 7.1440 and 7.1630 – UOB Group
Ni FXStreet Insights Team
Petsa ng Pag-publish: 25 Jul 2025 | Petsa ng Pag-edit: 25 Jul 2025
POPULAR ARTICLES
US Dollar (USD) is likely to trade in a range between 7.1440 and 7.1630 against Chinese Yuan (CNH). In the longer run, USD view is negative; it could drop to 7.1295, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Dollar (USD) is likely to trade in a range between 7.1440 and 7.1630 against Chinese Yuan (CNH). In the longer run, USD view is negative; it could drop to 7.1295, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD view is negative
24-HOUR VIEW: "On Wednesday, USD fell and closed lower at 7.1514, down by 0.25%. Yesterday, when USD was at 7.1500, we stated that 'the risk for USD remains on the downside.' However, we indicated that 'the significant support level at 7.1295 is probably out of reach for now (there is another support level at 7.1400).' The subsequent price movements did not turn out as we expected. USD briefly dropped to a low of 7.1435 and then recovered to close largely unchanged at 7.1549 (+0.05%). The price movements are likely part of a range trading phase, probably between 7.1440 and 7.1630."
1-3 WEEKS VIEW: "After maintaining a neutral position on USD for more than a week, we revised our view to negative yesterday (24 Jul, spot at 7.1500). We indicated that USD 'could drop to 7.1295.' We will maintain our view provided that USD remains below the ‘strong resistance’ level of 7.1730."
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
