USD/CNH: 7.0636 is out of reach for now – UOB Group
30.08.2024, 11:59

USD/CNH: 7.0636 is out of reach for now – UOB Group

Provided that 7.1130 is not breached, the US Dollar (USD) could continue to decline; the likelihood of it reaching 7.0636 is not high. In the longer run, boost in momentum has increased the chance of USD dropping to and potentially breaking below 7.0636, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann notes.

USD continues to decline

24-HOUR VIEW: “The sharp selloff in USD that sent it plunging by 0.52% (NY close of 7.0943) was surprising (we were expecting sideways trading). What is not surprising is the decline has resulted in a strong increase in momentum. Today, provided that 7.1130 (minor resistance at 7.1010) is not breached, USD could continue to decline. That said, the likelihood of it reaching 7.0636, the low registered early this month, is not high. There is another support level at 7.0770.”

1-3 WEEKS VIEW: “On Monday (26 Aug, spot at 7.1100), we indicated that ‘there is potential for USD to decline to the July’s low of 7.0636.’ Yesterday (29 Aug, spot at 7.1290), we indicated that “downward momentum is slowing, and should USD breach 7.1460 (‘strong resistance level’), it would mean that USD is not declining further. USD subsequently sold off sharply, dropping to a low of 7.0859. The boost in momentum has increased the chance of USD dropping to and potentially breaking below 7.0636. Looking ahead, the next level to watch below 7.0636 is 7.0400. On the upside, the ‘strong resistance’ level has moved lower to 7.1350 from 7.1460.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik