- Analytics
- News and Tools
- Market News
- USD/CNY to climb towards the 6.60 level in the near-term – Credit Suisse
USD/CNY to climb towards the 6.60 level in the near-term – Credit Suisse
FXStreet reports that Credit Suisse discusses USD/CNY prospects.
“USD/CNY maintains a small base and has seen the expected test of 6.5561. However, with MACD momentum also pointing at further upside, further strength is likely in due course. A direct break above 6.5561 would warn of further upside with resistance seen thereafter at the 23.6% retracement of the 2020/2021 fall at 6.6016. Later in the year, we eventually expect a turn back lower and an eventual sustained break below 6.4446/6.4236 would open up the next key support at 6.3871.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
