USD/CNH: Further gains seen above 6.4880 – UOB
A break above 6.4880 should motivate USD/CNH to advance further in the next weeks, commented
Financial and Business News
A break above 6.4880 should motivate USD/CNH to advance further in the next weeks, commented
In opinion of Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/IDR
USD/CNH needs to close above the 6.4880 level to allow for extra gains to, initially,
EUR/GBP retreats after stopping two-day uptrend, sidelined of late. Bearish candlestick formation below the key
EUR/GBP eases from weekly top, edges higher of late. Sustained bounce off 61.8% Fibonacci retracement,
USD/CNH poised to extend the consolidation range within the 6.4240-6.4800 range in the next weeks.
EUR/GBP fades bounce off 17-day low, nurses intraday losses of late. RSI conditions trigger intermediate
USD/CNH is still seen trading within the 6.4300/6.4800 range for the time being, suggested FX
USD/CNH keeps the outlook mixed and is seen within the 6.4300/6.4800 range for the time
UOB Group’s FX Strategists noted that further consolidation looks the most likely scenario in NZD/USD