Rebound amid apparent positive divergence suggests US Dollar (USD) could rise further to 7.2400 vs Chinese Yuan (CNH); strong resistance at 7.2800 is unlikely to come under threat. In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Strong resistance at 7.2800 is unlikely to come under threat
24-HOUR VIEW: "USD fell to a low of 7.1846 yesterday and then rebounded. The rebound amid apparent positive divergence suggests there is room for USD to rise further to 7.2400. The strong resistance at 7.2800 is unlikely to come under threat. Support levels are at 7.2020 and 7.1900."
1-3 WEEKS VIEW: "Yesterday, USD extended its sharp decline from last Friday, reaching its lowest level since Nov last year. Although a further decline remains possible, the deeply oversold short-term conditions suggest that the USD may range-trade for a few days before resuming its decline. The level to watch is at 7.1700. On the upside, if USD breaks above the ‘strong resistance’ at 7.2800, it would mean that it is not declining further."
作者：FXStreet Insights Team，文章来源FXStreet_id，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
加载失败()