Market news
27.07.2021, 07:42

USD/CNH stuck within range – UOB

FXStreet reports that FX Strategists at UOB Group said that USD/CNH is still expected to keep the trade between 6.4400 and 6.500 for the time being.

24-hour view: “Yesterday, we highlighted that we ‘see chance for USD to test 6.4900’ but we were of the view that ‘the major resistance at 6.5000 is unlikely to come into the picture’. Our view was not wrong as USD rose to 6.4945 before pulling back sharply. The pullback has room to extend lower but any weakness is expected to encounter solid support at 6.4700 (minor support is at 6.4740). Resistance is at 6.4880 followed by 6.4940.”

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location