USD/CNY fix continues to come in slightly softer (and below spot) for the whole week, last seen trading at 7.2057 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Mild bearish momentum on daily chart intact
"This morning fix was set at 7.1938 (vs. 7.1963 yesterday). We believe policymakers are likely to still adopt a measured approach to appreciation (if any) like how they took a measured approach when USD/RMB was trading higher previously. Maintaining RMB stability is a key objective for policymakers."
"Any sharp RMB appreciation may trigger exporters rushing to sell their USD holdings and that cycle (if it happens) may result in excessive RMB strength and volatility, which is not desirable for policymakers at this point. USD/CNH continued to trade in subdued range."
"Mild bearish momentum on daily chart intact while RSI was flat. 2-way trades likely. Support at 7.18 before 7.1475 (61.8% fibo retracement of 2024 low to 2025 high). Resistance at 7.2200/30 (200 DMA), 7.25 levels."
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()